918 Locust StReadingPA19604
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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 918 Locust St, Reading, PA, 19604 listed at $152,900 pairs $1,204/mo rent with a $748/mo payment to leave $202/mo cash flow. Total monthly income runs $1,204/mo, and annual cash flow reaches $2,429/yr on $50,686 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 9.45% at a $152,900 basis. Equity gained on principal adds $987/yr, and annual property appreciation at 5% supports $42,243 by year five. Five-year ROI tracks 129.08% and total cumulative return in cash totals $65,428. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,204/mo property income relative to a $748/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1910
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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Listed by: Jerry Buffa • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #PABK2064536