513A Maple St, Reading, PA 19602

Own this home and move your family in or add it as a rental property in your portfolio. This 3 bedroom home with off-street parking has been occupied for several years by the same tenants, who are now on a month-to-month lease. Tenants pay $700 a month rent and all utilities including water, sewer, trash, and electric. INVESTORS: THE CAP RATE is 12% . Net income is $7354 ($8400 yearly rent - $646 taxes - $400 insurance.) Net income/$59,900 = 12.28%.