1224-26 W 40th StEriePA16509
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
Investment Highlights
Investment property for sale in Erie at 1224-26 W 40th St, Erie, PA, 16509 earns from $1,800/mo rent with a $1,370/mo payment. Total monthly income totals $1,800/mo. ROI tracks 19.47% on current figures, and rental yield reads 7.72% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 100.96% and total cumulative return in cash sums $93,673. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,800/mo property income instead of your personal income.
Multi Family
Built in 1968
6,120 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Isaiah Rodgers • eXp Realty - Erie
Mls Name: GEMLS
Mls ID: #188617