1018 Pennsylvania AveEriePA16503
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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 1018 Pennsylvania Ave, Erie, PA, 16503 uses $36,432 cash to close to unlock $1,905/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $879/mo, and a $538/mo payment keeps the spread at $159/mo. Purchase price stands at $109,900, and rental yield measures 9.6% with $879/mo rent. Return on cash invested shows 25.14% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 131.43% and total cumulative return in cash records $47,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $879/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1913
3,484 sqft lot
$N/A/sqft
No HOA
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Listed by: Dana Dickerson • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #188062
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