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2023 Spring St, Reading, PA 19609

3 beds • 2 baths • 954 sqft

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This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $59,052 initial cash invested.

-8.9%

Cash On Cash

4.38%

Cap Rate

0.75

DSCR

$1,816

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,052

Downpayment

20%

$56,240

Closing costs

1%

$2,812

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,816

Total Expenses

$2,254

Mortgage P&I

76%

$1,373

Property Taxes

17%

$309

Home Insurance

5%

$99

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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