830 Bingaman StReadingPA19602
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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
Rental property for sale in Reading at 830 Bingaman St, Reading, PA, 19602 priced at $144,900 converts $1,395/mo rent into $446/mo cash flow after a $709/mo obligation. Total monthly income equals $1,395/mo, and annual cash flow totals $5,348/yr on $48,034 invested. Return on cash invested prints 31.04% in year one, and rental yield reads 11.55% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. Five-year ROI reaches 163.06% and total cumulative return in cash sums $78,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,395/mo property income covering a $709/mo payment, not borrower’s personal income.
Townhouse
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19602, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,480 (100%) |
| Owner Occupied HU | 2,277 (26.9%) |
| Renter Occupied HU | 5,139 (60.6%) |
| Vacant Housing Units | 1,064 (12.5%) |
| Median Home Value | $80,336 |
| Average Home Value | $137,463 |
Housing Distribution
Address Breakdown
Residential
6,982
Single Family
4,996
Multi-Family
1,986
Businesses
384
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Listed by: Annie Aponte • eRealty Advisors, Inc
Mls Name: Bright MLS
Mls ID: #PABK2066056