714 Wayne AveWest ReadingPA19611
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
Investment property for sale in West Reading at 714 Wayne Ave, West Reading, PA, 19611 at $295,000 posts ROI 22.43% with $206/mo cash flow from $2,139/mo rent. Total monthly income equals $2,139/mo, and annual cash flow records $2,469/yr on $97,793 to close. Return on cash invested measures 22.43% and rental yield reads 8.7% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 116.87% and total cumulative return in cash totals $114,290.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,139/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1922
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19611, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,441 (100%) |
| Owner Occupied HU | 2,107 (47.4%) |
| Renter Occupied HU | 2,169 (48.8%) |
| Vacant Housing Units | 165 ( 3.7%) |
| Median Home Value | $173,080 |
| Average Home Value | $204,439 |
Housing Distribution
Address Breakdown
Residential
4,291
Single Family
3,774
Multi-Family
517
Businesses
423
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Nearby investment properties with comparable prices
Listed by: Marisa Aikman • Compass RE
Mls Name: Bright MLS
Mls ID: #PABK2067136