619 Gregg Ave, Reading, PA, 19611 | $240/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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619 Gregg Ave, Reading, PA, 19611 | $240/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Reading at 619 Gregg Ave, Reading, PA, 19611 offers $1,484/mo rent that, after a $929/mo payment, leaves $240/mo cash flow. Total monthly income is $1,484/mo, and annual cash flow is $2,881/yr on $62,952 cash. Return on cash invested measures 24.49% in year one, and rental yield stands at 9.38% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 127.93% and total cumulative return in cash reaches $80,537. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,484/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1931

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully remodeled 2-bedroom, 1-bath home thats completely move-in ready! Step inside to find a bright and open layout with fresh updates throughout. The modern kitchen features brand-new finishes and plenty of cabinet space, while the living area offers a comfortable setting to relax or entertain. Both bedrooms are spacious with ample closet storage, and the full bathroom has been stylishly updated. This home comes equipped with central air for year-round comfort and peace of mind with many new upgrades throughout. Outside, youll find a nice yard space perfect for outdoor gatherings or simple relaxation. With its fresh remodel, modern conveniences, and efficient layout, this home is an excellent opportunity. To make it even more appealing, this property also comes with a spare lot on the left side, offering additional space and future potential.

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