408 Hazel StReadingPA19611
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 Reading at 408 Hazel St, Reading, PA, 19611 priced at $120,000 pairs $913/mo rent with $127/mo cash flow after a $587/mo payment. Total monthly income equals $913/mo, and annual cash flow comes to $1,524/yr on $39,780 invested. Return on cash invested is 23.74% in year one, and rental yield stands at 9.13% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 123.85% and total cumulative return in cash reaches $49,267. For financing, Ziffy Mortgage’s DSCR program evaluates $913/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1930
N/A 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: Adam Devine • Dorrance Realty LLC
Mls Name: Bright MLS
Mls ID: #PABK2062414