406 Reading AveWest ReadingPA19611
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
Rental property for sale in West Reading at 406 Reading Ave, West Reading, PA, 19611 priced at $320,000 pairs $2,348/mo rent with $251/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,348/mo, and annual cash flow comes to $3,016/yr on $106,080 invested. Return on cash invested is 22.75% in year one, and rental yield stands at 8.8% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 118.58% and total cumulative return in cash reaches $125,787. For financing, Ziffy Mortgage’s DSCR program evaluates $2,348/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,485 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: Elizabeth Hall • Kingsway Realty - Ephrata
Mls Name: Bright MLS
Mls ID: #PABK2061008