1128 W 20th StEriePA16502
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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 1128 W 20th St, Erie, PA, 16502 generates $2,347/mo in rent and, after a $489/mo payment, leaves $1,651/mo in cash flow. Total monthly income is $2,347/mo, and annual cash flow is $19,811/yr on $33,150 invested. Return on cash invested sits at 79.67% in year one, and rental yield is 28.16% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 424.3% and total cumulative return in cash sums $140,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,347/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16502, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,681 (100%) |
| Owner Occupied HU | 2,457 (32.0%) |
| Renter Occupied HU | 4,325 (56.3%) |
| Vacant Housing Units | 899 (11.7%) |
| Median Home Value | $87,569 |
| Average Home Value | $133,334 |
Housing Distribution
Address Breakdown
Residential
6,831
Single Family
6,046
Multi-Family
785
Businesses
424
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Listed by: Stacey Santos • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #179910
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.