1119 E 5th 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
Rental property for sale in Erie at 1119 E 5th St, Erie, PA, 16507 generates $864/mo in rent and, after a $538/mo payment, leaves $144/mo in cash flow. Total monthly income is $864/mo, and annual cash flow is $1,723/yr on $36,465 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.43% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 128.7% and total cumulative return in cash sums $46,932. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $864/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
3,977 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: Dawn Howard • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #181145
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.