404 Lorane Rd, Reading, PA, 19606 | $760/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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404 Lorane Rd, Reading, PA, 19606 | $760/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 404 Lorane Rd, Reading, PA, 19606 at $299,900 posts ROI 29.08% with $760/mo cash flow from $2,725/mo rent. Total monthly income equals $2,725/mo, and annual cash flow records $9,116/yr on $99,417 to close. Return on cash invested measures 29.08% and rental yield reads 10.9% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 152.49% and total cumulative return in cash totals $151,600.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,725/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1945

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 404 Loraine Road, within Exeter Township and the Exeter Township School District. This traditional 3 bedroom, 2 full bath home in the Lorane Orchards Section of Exeter Township is situated on a nice 1/4 acre lot with fenced rear yard that has a deck off of the rear of the home. There is a large family room off of the rear of the home, with a wood burning stove. There is very nice kitchen with a formal dining room that could serve as a 4th main level bedroom and there is a second full bath on the main level as well. The basement is full and unfinished, with natural gas heat, window units for air conditioning, and a walk up set of steps into the attached one car garage and work shop. Home need a little TLC, but is priced accordingly and priced to sell. Taxes are very reasonable, and the home is literally minutes from every major convenience on the easy side of Berks County, including easy access to Rt. 422 and Rt. 176 in a ND out of Berks County.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19606, Reading, PA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,673 (100%)
Owner Occupied HU	11,127 (75.8%)
Renter Occupied HU	2,972 (20.3%)
Vacant Housing Units	574 ( 3.9%)
Median Home Value	$290,366
Average Home Value	$311,369