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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 602 Harding Ave, Reading, PA, 19607 generates $2,242/mo in rent and, after a $1,297/mo payment, leaves $506/mo in cash flow. Total monthly income is $2,242/mo, and annual cash flow is $6,068/yr on $87,814 invested. Return on cash invested sits at 26.82% in year one, and rental yield is 10.16% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 140.39% and total cumulative return in cash sums $123,284. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,242/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
10,454 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 19607, Reading, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,205 (100%) |
| Owner Occupied HU | 6,911 (67.7%) |
| Renter Occupied HU | 2,855 (28.0%) |
| Vacant Housing Units | 439 ( 4.3%) |
| Median Home Value | $248,800 |
| Average Home Value | $311,380 |
Housing Distribution
Address Breakdown
Residential
9,824
Single Family
8,129
Multi-Family
1,695
Businesses
611
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1957
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Built In, Garage Faces Front, Asphalt, Attached, Driveway
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 10,454 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Daryl Tillman • Daryl Tillman Realty Group
Mls Name: Bright MLS
Mls ID: #PABK2065148