344 S 7th 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
Rental property for sale in Reading at 344 S 7th St, Reading, PA, 19602 generates $2,214/mo in rent and, after a $788/mo payment, leaves $1,159/mo in cash flow. Total monthly income is $2,214/mo, and annual cash flow is $13,908/yr on $53,372 invested. Return on cash invested sits at 45.97% in year one, and rental yield is 16.5% on a $161,000 entry. Equity gained on principal adds $1,039/yr, while 5% annual appreciation builds toward $44,481 over five years. Five-year ROI reaches 243.17% and total cumulative return in cash sums $129,783. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,214/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
N/A 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: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Homesale Realty
Mls Provider:
Mls ID: #PABK2030946