1516 Pershing AveEriePA16509
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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 1516 Pershing Ave, Erie, PA, 16509 with 5% annual appreciation on a $299,900 basis while $3,559/mo rent supports operations. Total monthly income totals $3,559/mo and a $1,468/mo payment preserves $1,594/mo for cash returns. Annual cash flow comes to $19,124/yr on $99,417 deployed, and return on cash invested reaches 39.15% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 14.24%. Five-year ROI measures 206.48% and total cumulative return in cash totals $205,276.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,559/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.30 Acres lot
$N/A/sqft
No HOA
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Listed by: Fred Amendola • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #179874
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