320 S Sterley StReadingPA19607
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Nearby investment properties with comparable prices
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
Rental property for sale in Reading at 320 S Sterley St, Reading, PA, 19607 priced at $250,000 pairs $2,228/mo rent with $589/mo cash flow after a $1,224/mo payment. Total monthly income equals $2,228/mo, and annual cash flow comes to $7,073/yr on $82,875 invested. Return on cash invested is 28.44% in year one, and rental yield stands at 10.69% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 149.12% and total cumulative return in cash reaches $123,586. For financing, Ziffy Mortgage’s DSCR program evaluates $2,228/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1920
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,205 (100%) |
| Owner Occupied HU | 6,911 (67.7%) |
| Renter Occupied HU | 2,855 (28.0%) |
| Vacant Housing Units | 439 ( 4.3%) |
| Median Home Value | $248,800 |
| Average Home Value | $311,380 |
Housing Distribution
Address Breakdown
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
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Listed by: Miguel Jose Gonzalez • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #PABK2062412