424 Locust StReadingPA19604
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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 424 Locust St, Reading, PA, 19604 with 5% annual appreciation on a $197,700 basis while $1,793/mo rent supports operations. Total monthly income totals $1,793/mo and a $968/mo payment preserves $497/mo for cash returns. Annual cash flow comes to $5,966/yr on $65,538 deployed, and return on cash invested reaches 29.01% in year one. Equity gained on principal adds $1,276/yr, and five-year appreciation sums $54,621 alongside rental yield of 10.88%. Five-year ROI measures 152.22% and total cumulative return in cash totals $99,762.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,793/mo property income versus a $968/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1885
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19604, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,658 (46.4%) |
| Renter Occupied HU | 4,695 (46.8%) |
| Vacant Housing Units | 675 ( 6.7%) |
| Median Home Value | $117,611 |
| Average Home Value | $181,341 |
Housing Distribution
Address Breakdown
Residential
8,821
Single Family
8,006
Multi-Family
815
Businesses
378
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Listed by: Susan Seltmann • Springer Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2063178