314 S 17th StReadingPA19602
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Reading at 314 S 17th St, Reading, PA, 19602 uses $62,620 cash to close to unlock $6,561/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $1,785/mo, and a $925/mo payment keeps the spread at $547/mo. Purchase price stands at $188,900, and rental yield measures 11.34% with $1,785/mo rent. Return on cash invested shows 30.39% in year one, and 5% annual appreciation builds toward $52,190 over five years. Five-year ROI reaches 159.5% and total cumulative return in cash records $99,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,785/mo property income covering a $925/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
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Listed by: Judy Brown • GKS Brown Realty Services
Mls Name: Bright MLS
Mls ID: #PABK2061654