701 N 11th StReadingPA19604
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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 701 N 11th St, Reading, PA, 19604 earns $2/mo cash flow from $1,306/mo rent with a $974/mo payment. Total monthly income totals $1,306/mo, and annual cash flow totals $24/yr on $65,969 capital. ROI tracks 19.95% on current figures, and rental yield reads 7.88% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 103.51% and total cumulative return in cash sums $68,286. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,306/mo property income instead of your personal income.
Multi Family
Built in 1890
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19604, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,028 (100%) |
| Owner Occupied HU | 4,658 (46.4%) |
| Renter Occupied HU | 4,695 (46.8%) |
| Vacant Housing Units | 675 ( 6.7%) |
| Median Home Value | $117,611 |
| Average Home Value | $181,341 |
Housing Distribution
Address Breakdown
Residential
8,821
Single Family
8,006
Multi-Family
815
Businesses
378
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Listed by: Juan Cortes-Carreno • BHHS Homesale Realty- Reading Berks
Mls Name: Bright MLS
Mls ID: #PABK2066074