1021 Powell AveEriePA16505
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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 1021 Powell Ave, Erie, PA, 16505 earns $376/mo cash flow from $2,145/mo rent with a $1,321/mo payment. Total monthly income totals $2,145/mo, and annual cash flow totals $4,517/yr on $89,472 capital. ROI tracks 24.96% on current figures, and rental yield reads 9.54% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 130.41% and total cumulative return in cash sums $116,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,145/mo property income instead of your personal income.
Single Family
Built in 1941
10,454 sqft lot
$N/A/sqft
No HOA
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Listed by: PJ Albrecht • Agresti Real Estate - Meadville
Mls Name: GEMLS
Mls ID: #183946
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.