417 N 2nd StReadingPA19601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Reading rentals match the income profile of 417 N 2nd St, Reading, PA, 19601. Listed at $149,000, gross rent is $1,851/mo and net cash flow is $875/mo, a 14.91% yield well above national averages. DSCR 2.76 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $41,166 by year five with $1,372/yr in annual principal reduction, projecting $113,020 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.9% | 7.2% |
| Monthly Cash Flow | $875 | $450 |
City averages based on Reading market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,851 |
| Total Monthly Debt Service | $917 |
| DSCR Ratio | 2.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1900
435 sqft lot
$N/A/sqft
No HOA
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
Townhouse
Built in 1900
435 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Lando • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2067442