65 Michigan DrSinking SpringPA19608
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sinking Spring at 65 Michigan Dr, Sinking Spring, PA, 19608 priced at $369,900 pairs $2,962/mo rent with $539/mo cash flow after a $1,810/mo payment. Total monthly income equals $2,962/mo, and annual cash flow comes to $6,463/yr on $122,622 invested. Return on cash invested is 25.18% in year one, and rental yield stands at 9.61% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 131.59% and total cumulative return in cash reaches $161,362. For financing, Ziffy Mortgage’s DSCR program evaluates $2,962/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19608, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,774 (100%) |
| Owner Occupied HU | 7,474 (76.5%) |
| Renter Occupied HU | 2,050 (21.0%) |
| Vacant Housing Units | 250 ( 2.6%) |
| Median Home Value | $364,596 |
| Average Home Value | $415,396 |
Housing Distribution
Address Breakdown
Residential
9,058
Single Family
8,963
Multi-Family
95
Businesses
475
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Listed by: Jessica Thompson • Iron Valley Real Estate of Lancaster
Mls Name: Bright MLS
Mls ID: #PABK2063626