943 Spruce 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
Investment property for sale in Reading at 943 Spruce St, Reading, PA, 19602 uses $53,007 cash to close to unlock $6,874/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $783/mo payment keeps the spread at $573/mo. Purchase price stands at $159,900, and rental yield measures 12.17% with $1,621/mo rent. Return on cash invested shows 32.88% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 172.86% and total cumulative return in cash records $91,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $783/mo payment rather than investor’s personal income.
Townhouse
Built in 1900
871 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: Ivonn Reyes • Iron Valley Real Estate of Berks
Mls Name: Bright MLS
Mls ID: #PABK2066724