318 S 11th 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 318 S 11th St, Reading, PA, 19602 listed at $119,900 pairs $1,480/mo rent with a $587/mo payment to leave $694/mo cash flow. Total monthly income runs $1,480/mo, and annual cash flow reaches $8,330/yr on $39,747 cash to close. Return on cash invested measures 40.87% in year one, and rental yield registers 14.81% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 215.81% and total cumulative return in cash totals $85,776. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,480/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1900
871 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: Renso Minaya • United Real Estate Strive 212
Mls Name: Bright MLS
Mls ID: #PABK2066208