1139 W 40th StEriePA16509
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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 1139 W 40th St, Erie, PA, 16509 offers a 11.28% rental yield on a $174,000 purchase with $1,636/mo rent. Total monthly income registers $1,636/mo, and a $852/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,994/yr on $57,681 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $1,123/yr while 5% annual appreciation supports $48,073 over five years. Portfolio math shows five-year ROI at 150.42% and total cumulative return in cash at $86,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,636/mo property income against a $852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
6,481 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Donna Lawergren • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #181772
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.