389 Oak TerReadingPA19611
Nearby investment properties with comparable rents
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
Investment property for sale in Reading at 389 Oak Ter, Reading, PA, 19611 uses $82,875 cash to close to unlock $3,905/yr annual cash flow and $325/mo monthly cash flow. Total monthly income runs $1,964/mo, and a $1,224/mo payment keeps the spread at $325/mo. Purchase price stands at $250,000, and rental yield measures 9.43% with $1,964/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 128.63% and total cumulative return in cash records $106,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,964/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Townhouse
Built in 1924
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19611, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,441 (100%) |
| Owner Occupied HU | 2,107 (47.4%) |
| Renter Occupied HU | 2,169 (48.8%) |
| Vacant Housing Units | 165 ( 3.7%) |
| Median Home Value | $173,080 |
| Average Home Value | $204,439 |
Housing Distribution
Address Breakdown
Residential
4,291
Single Family
3,774
Multi-Family
517
Businesses
423
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marisa Aikman • Compass RE
Mls Name: Bright MLS
Mls ID: #PABK2067132