402 Morgantown RdReadingPA19611
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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 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
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
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Listed by: Juan Cortes-Carreno • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2063520