3406 Perkiomen AveReadingPA19606
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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 3406 Perkiomen Ave, Reading, PA, 19606 offers a 8.78% rental yield on a $340,000 purchase with $2,488/mo rent. Total monthly income registers $2,488/mo, and a $1,664/mo payment leaves $260/mo available for distribution. Annual cash flow reaches $3,122/yr on $112,710 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 118.2% and total cumulative return in cash at $133,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,488/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19606, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,673 (100%) |
| Owner Occupied HU | 11,127 (75.8%) |
| Renter Occupied HU | 2,972 (20.3%) |
| Vacant Housing Units | 574 ( 3.9%) |
| Median Home Value | $290,366 |
| Average Home Value | $311,369 |
Housing Distribution
Address Breakdown
Residential
13,932
Single Family
13,150
Multi-Family
782
Businesses
612
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Listed by: Bradford Kissam • RE/MAX Of Reading
Mls Name: Bright MLS
Mls ID: #PABK2065806