4-bed townhouse for sale in Reading — $120K | Dwelfy

Deals · 723 Locust St, Reading, PA 19604

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Pays from day one — check the rent yourself

Rented normally, you'd make about $401 a month.

The rent is our own estimate — worth checking against two or three real local lettings. One month without a tenant wipes out about 4 months of that profit, so keep a buffer for gaps.

723 Locust St, Reading, PA 19604 · 1,386 sqft · $87/sqft

4 BED TOWNHOUSEListed 66d · ~2mo

$119,900

Why it works

Monthly profit +$401/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
16.01% 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 →

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the $119,900 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Reading
We hold no schools, flood or crime reading for this address yet — open for the map and what we do have. An absence here is a gap in our record, not a clean bill.
mapped to a point, not an address

What can we answer in this market?
6 of 11 questions 5 need data we do not hold in this market yet
3 of them run on numbers you set yourself, so they stay amber however good they look.
Coverage, not a verdict

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$401/mo

All-in cash$33,872

Payback7.0 yrs

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$119,900Asking 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$1,600/moEstimated rent from 42 comparables. Range $1,533–$1,670/mo.

Empty weeks a year a typical assumption2 wksTypical voids for rental

Doing it up a general default, not this property$0No condition data in this market — no works assumed. Add a figure if the listing needs them.

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$2,7992% product fee on $89,925 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$119,900

Rented normally, you'd make about $401 a month.

What if I change my assumptions?The dialsAt the asking price, 25% deposit, 7.00%Change any of these 15 and every card on this page changes with it.◧ worked out from local rents

What will it cost me to buy?Breakdown$33,872$6,897 of that never comes back — closing costs, attorney or title company and lender fees.$33,872 to buy itdeposit · purchase costs · legal · fees◧ 25% deposit, typical fees

What would have to be true?Nothing — it works at the asking priceThe rent covers the mortgage, the running costs and the tax at the $119,900 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.◧ worked back from the rent

How big is it, really?The workingOne figure, and nothing checking it 1,386 sq ftOnly the agent’s figure exists for this house. Open for what that means.□ area unchecked — agent’s own

Is it a good location?Open the mapReadingWe hold no schools, flood or crime reading for this address yet — open for the map and what we do have. An absence here is a gap in our record, not a clean bill.■ mapped to a point, not an address

Is there anything that stops it?The checksWe do not screen letting restrictions in this marketThese are UK rules and we run no equivalent here. Not checked — never as clear.4 do not apply to this property■ listing last seen 18 Jul 2026

What can we answer in this market?6 of 11 questions 5 need data we do not hold in this market yet3 of them run on numbers you set yourself, so they stay amber however good they look.□ Coverage, not a verdict

What would have to be true?
Nothing — it works at the asking price
The rent covers the mortgage, the running costs and the tax at the $119,900 asked, so there is no discount this card has to name. A lower price would be upside, not a condition.
worked back from the rent

Is it a good location?
Reading
We hold no schools, flood or crime reading for this address yet — open for the map and what we do have. An absence here is a gap in our record, not a clean bill.
mapped to a point, not an address

What can we answer in this market?
6 of 11 questions 5 need data we do not hold in this market yet
3 of them run on numbers you set yourself, so they stay amber however good they look.
Coverage, not a verdict