62 School LnReadingPA19606
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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 62 School Ln, Reading, PA, 19606 with 5% annual appreciation on a $449,000 basis while $2,190/mo rent supports operations. 84% in year one. Equity gained on principal adds $2,897/yr, and five-year appreciation sums $124,050 alongside rental yield of 5.85%. Five-year ROI measures 70.8% and total cumulative return in cash totals $105,376. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,190/mo property income versus a $2,198/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
2.47 Acres 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: Carl J. Billera • Main Street RE Partners
Mls Name: GLVR
Mls Provider:
Mls ID: #754572
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.