1011 E 23rd StEriePA16503
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 1011 E 23rd St, Erie, PA, 16503 in Erie is straightforward: $136,000 in, $1,255/mo in rent, $437/mo out after debt service. The 12.06% gross yield and 2.05 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $37,574 by year five. With $1,253/yr in principal equity, the total cumulative return is projected at $75,187.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.8% |
| Monthly Cash Flow | $437 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,255 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
7,426 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
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
Single Family
Built in 1949
7,426 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kate Spiegel • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #183653
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.