4-bed townhouse for sale in Reading — $150K | Dwelfy

Deals · 239 Mulberry St, Reading, PA 19604

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Thin — worth an offer, not the asking price

Rented normally, you'd make about $185 a month.

That is thin: one empty month wipes out 8 months of that profit. The rent is our own estimate, not a signed tenancy. The problem is the gap between them is too small to absorb anything going wrong.

239 Mulberry St, Reading, PA 19604 · 1,222 sqft · $123/sqft

4 BED TOWNHOUSEListed 57d ago

$150,000

List price

Monthly profit

+$185/mo

Cash needed

$42K

+ refurb costs

Return after costs

1.7%

Cash return

5.2%

Solid

Rented normally at the asking price, this works with risks you can price in — 12.51% return before costs on price.

Why it works

12.51% return before costs — above-market
Rent over price, before any costs. Useful for comparing streets; it is not money you keep.Two properties on the same yield can leave you very different amounts. See what you keep →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent).

You keep$185/mo

Cash in$132,375

Lender101%

Where the rent goes$1,504/mo in

The mortgage 48%Running costs 40%You keep 12%

What you put in$132,375 up front

Deposit 28%Purchase tax 2%Doing it up 66%Fees 4%

Offer

Deposit

Mortgage rate

Standard rental

Rent

Empty weeks a year

Doing it up

Estimated, not surveyed — nobody has been inside.

More assumptions9

Mortgage term

Stress rate

Solicitor + survey

Lender fees

Letting agent

Insurance

Maintenance

Service charge

Ground rent

Where these figures came from15

Offer the asking price$150,000Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for rental

Mortgage rate a typical assumption7.00%5-year fixed (market average) — 7.00% (as of 2026-05).

Rent worked out from local rents$1,564/moEstimated rent from 34 comparables. Range $1,455–$1,681/mo.

Empty weeks a year a typical assumption2 wksTypical voids for rental

Doing it up a general default, not this property$90,000Capped at 60% of $150,000 asking ($90,000). Raw model: $62,810–$117,610. Verify with a surveyor before offering.

Mortgage term a general default, not this property30 yrs

Stress rate a typical assumption8.00%Fed base + 2pp stress (8.0%)

Solicitor + survey a typical figure, not a quote$1,700Standard house — $1,100 legal + $600 survey

Lender fees a typical figure, not a quote$3,2502% product fee on $112,500 loan + $1,000 booking fee

Letting agent a typical assumption10%Typical rental agency rate

Insurance a typical figure, not a quote$20/moTypical building+landlord cover for sub-$200K

Maintenance a general default, not this property$67/moDefault $67/mo — type unknown

Service charge a typical figure, not a quote$0/moFreehold — no service charge

Ground rent a typical figure, not a quote$0/moFreehold — no ground rent

These are this page's own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

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List price$150,000