1304 E 8th StEriePA16503
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 1304 E 8th St, Erie, PA, 16503 uses $39,747 cash to close to unlock $4,046/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,123/mo, and a $587/mo payment keeps the spread at $337/mo. Purchase price stands at $119,900, and rental yield measures 11.24% with $1,123/mo rent. Return on cash invested shows 30.09% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 158.02% and total cumulative return in cash records $62,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,123/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1918
3,750 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie McAdams • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #187874