1011 W 6th StEriePA16507
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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
Investment Highlights
Investment property for sale in Erie at 1011 W 6th St, Erie, PA, 16507 earns $322/mo cash flow from $1,408/mo rent with a $808/mo payment. Total monthly income totals $1,408/mo, and annual cash flow totals $3,865/yr on $54,698 capital. ROI tracks 26.98% on current figures, and rental yield reads 10.24% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 141.33% and total cumulative return in cash sums $77,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,408/mo property income instead of your personal income.
Single Family
Built in 1872
1,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16507, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,038 (100%) |
| Owner Occupied HU | 1,142 (28.3%) |
| Renter Occupied HU | 2,148 (53.2%) |
| Vacant Housing Units | 748 (18.5%) |
| Median Home Value | $69,504 |
| Average Home Value | $121,219 |
Housing Distribution
Address Breakdown
Residential
3,625
Single Family
3,283
Multi-Family
342
Businesses
319
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Listed by: Nanci Lorei • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #188153
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.