140 Euclid AveEriePA16511
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
Rental property for sale in Erie at 140 Euclid Ave, Erie, PA, 16511 priced at $189,000 pairs $1,635/mo rent with $388/mo cash flow after a $925/mo payment. Total monthly income equals $1,635/mo, and annual cash flow comes to $4,655/yr on $62,654 invested. Return on cash invested is 27.34% in year one, and rental yield stands at 10.38% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 143.2% and total cumulative return in cash reaches $89,722. For financing, Ziffy Mortgage’s DSCR program evaluates $1,635/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
5,401 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16511, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,105 (63.5%) |
| Renter Occupied HU | 1,440 (29.5%) |
| Vacant Housing Units | 343 ( 7.0%) |
| Median Home Value | $196,274 |
| Average Home Value | $227,448 |
Housing Distribution
Address Breakdown
Residential
4,845
Single Family
4,529
Multi-Family
316
Businesses
190
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Listed by: Mary Smrekar • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #182249
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.