343 N 2nd StReadingPA19601
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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
Rental property for sale in Reading at 343 N 2nd St, Reading, PA, 19601 generates $1,950/mo in rent, after a $1,483/mo payment. Total monthly income is $1,950/mo. Return on cash invested sits at 19.49% in year one, and rental yield is 7.73% on a $302,900 entry. Equity gained on principal adds $1,955/yr, while 5% annual appreciation builds toward $83,686 over five years. Five-year ROI reaches 101.07% and total cumulative return in cash sums $101,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,950/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
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Listed by: Mr. Nelson Gamez • Realty One Group Alliance
Mls Name: Bright MLS
Mls ID: #PABK2061248