427 S 16th StReadingPA19606
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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 427 S 16th St, Reading, PA, 19606 uses $54,664 cash to close to unlock $7,158/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,677/mo, and a $807/mo payment keeps the spread at $597/mo. Purchase price stands at $164,900, and rental yield measures 12.2% with $1,677/mo rent. Return on cash invested shows 33% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 173.56% and total cumulative return in cash records $94,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,677/mo property income covering a $807/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,932
Single Family
13,150
Multi-Family
782
Businesses
612
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Listed by: Zylkia Rivera • Keller Williams Platinum Realty - Wyomissing
Mls Name: Bright MLS
Mls ID: #PABK2060810