745 N 8th StReadingPA19604
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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 Reading at 745 N 8th St, Reading, PA, 19604 at $187,000 posts ROI 35.32% with $796/mo cash flow from $2,021/mo rent. Total monthly income equals $2,021/mo, and annual cash flow records $9,551/yr on $61,991 to close. Return on cash invested measures 35.32% and rental yield reads 12.97% at the current $187,000. Equity gained on principal adds $1,207/yr, and 5% annual appreciation supports $51,665 by year five. Five-year ROI prints 185.94% and total cumulative return in cash totals $115,266.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,021/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
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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Nearby investment properties with comparable prices
Listed by: Mr. Brian A Guzman • United Real Estate Strive 212
Mls Name: Bright MLS
Mls Provider:
Mls ID: #PABK2050478
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