741 N 8th St, Reading, PA, 19604 | $704/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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741 N 8th St, Reading, PA, 19604 | $704/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Reading at 741 N 8th St, Reading, PA, 19604 uses $76,212 cash to close to unlock $8,445/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,210/mo, and a $1,125/mo payment keeps the spread at $704/mo. Purchase price stands at $229,900, and rental yield measures 11.54% with $2,210/mo rent. Return on cash invested shows 30.99% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 162.73% and total cumulative return in cash records $124,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,210/mo property income covering a $1,125/mo payment rather than investor’s personal income.

Multi Family

Built in 1900

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Remodeled 2-Unit Investment Opportunity in Reading. This end-unit row home has been freshly updated and full of investment potential. Whether you're house-hacking or expanding your portfolio, both units have been thoughtfully remodeled with brand-new laminate flooring, fresh paint throughout, and modern appliances that make move-in a breeze. Each unit also benefits from new hot water heaters and a recently installed furnace, offering peace of mind and energy efficiency. The first-floor studio is simple and convenient. Upstairs, the spacious two-bedroom unit offers flexibility for small families, roommates, or a work-from-home setup. Located on a street with better parking availability than neighboring blocks, this property stands out for both its curb appeal and practicality. Whether you're looking for steady rental income or a live-in-one, rent-the-other setup, this property checks all the boxes.

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