705 Alton AveReadingPA19605
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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 705 Alton Ave, Reading, PA, 19605 with 5% annual appreciation on a $260,000 basis while $2,370/mo rent supports operations. Total monthly income totals $2,370/mo and a $1,273/mo payment preserves $666/mo for cash returns. Annual cash flow comes to $7,990/yr on $86,190 deployed, and return on cash invested reaches 29.18% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 10.94%. Five-year ROI measures 153.04% and total cumulative return in cash totals $131,909.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,370/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1919
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19605, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,856 (100%) |
| Owner Occupied HU | 7,009 (79.1%) |
| Renter Occupied HU | 1,489 (16.8%) |
| Vacant Housing Units | 358 ( 4.0%) |
| Median Home Value | $270,423 |
| Average Home Value | $335,208 |
Housing Distribution
Address Breakdown
Residential
8,259
Single Family
8,072
Multi-Family
187
Businesses
711
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Listed by: Jovan Tate • Century 21 Gold
Mls Name: Bright MLS
Mls ID: #PABK2064576