1125 E 8th StEriePA16503
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1125 E 8th St, Erie, PA, 16503 in Erie at $120,000 earns $976/mo in rent and nets $190/mo after the $540/mo payment, a 9.76% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $33,154 over five years. Ziffy Mortgage underwrites this on a 1.81 DSCR without U.S. credit history. With $1,105/yr in principal paydown, total projected return reaches $57,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.8% |
| Monthly Cash Flow | $190 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $976 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.32x |
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.
Multi Family
Built in 1912
3,415 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
Multi Family
Built in 1912
3,415 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Cruz • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #184264