620 Minor 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
Investment property for sale in Reading at 620 Minor St, Reading, PA, 19602 offers a 9.14% rental yield on a $189,900 purchase with $1,446/mo rent. Total monthly income registers $1,446/mo, and a $929/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,425/yr on $62,952 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 124.05% and total cumulative return in cash at $78,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,446/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1900
1,306 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: Jose Vazquez • Light House Realtors, LLC
Mls Name: Bright MLS
Mls ID: #PABK2066726