535 Laurel StReadingPA19602
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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
Rental property for sale in Reading at 535 Laurel St, Reading, PA, 19602 priced at $184,900 pairs $1,461/mo rent with $249/mo cash flow after a $905/mo payment. Total monthly income equals $1,461/mo, and annual cash flow comes to $2,993/yr on $61,294 invested. Return on cash invested is 24.79% in year one, and rental yield stands at 9.48% on a $184,900 basis. Equity gained on principal adds $1,193/yr, and 5% annual appreciation accumulates to $51,084 by year five. Five-year ROI measures 129.56% and total cumulative return in cash reaches $79,411. For financing, Ziffy Mortgage’s DSCR program evaluates $1,461/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1900
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
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Listed by: Joe Colon • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2061968