402 Morgantown Rd, Reading, PA, 19611 | $115/mo Cash Flow

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402 Morgantown Rd, Reading, PA, 19611 | $115/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Reading at 402 Morgantown Rd, Reading, PA, 19611 listed at $289,900 pairs $2,015/mo rent with a $1,419/mo payment to leave $115/mo cash flow. Total monthly income runs $2,015/mo, and annual cash flow reaches $1,383/yr on $96,102 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 8.34% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 111.08% and total cumulative return in cash totals $106,749. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,015/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1930

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

This is the opportunity your business has been waiting for! A fully operational, turn-key salon located on a high-traffic road and ready for its next owner. 402 Morgantown Rd offers endless possibilitiesexpand services into the second floor, or live upstairs while running your business from home. Situated directly on Route 10 off Lancaster Ave and just over the bridge into the City of Reading, this prime location is ideal for driving consistent customer traffic. The first floor has been thoughtfully designed for salon use, featuring a welcoming reception area, four service stations, and two hair-washing stations. Additional conveniences include a full kitchen, full bathroom, and laundry room. Step outside to the separately deeded side lot (404 Morgantown Rd), which offers exciting potential for future construction, expanded parking, or even outdoor events. Upstairs, the second floor provides three bedrooms and a full bathroom, which could easily serve as a personal residence or be converted into private service rooms. A rear bedroom features a private balcony overlooking the side lot. The third floor adds even more flexibility with an open space perfect for a fourth bedroom, office, or creative use. Practical updates have already been completed, including new roofs installed in 2017 and added central AC on the first floor. With both parcels located in the C-H Commercial Highway Zoning District, a variety of business and residential uses are possible. Dont miss this rare chance to own a versatile property in a great locationschedule your tour today!

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