1717 W 45th 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 1717 W 45th St, Erie, PA, 16509 offers a 10.29% rental yield on a $163,900 purchase with $1,406/mo rent. Total monthly income registers $1,406/mo, and a $802/mo payment leaves $21/mo available for distribution. Annual cash flow reaches $254/yr on $54,333 to close, and return on cash invested stands at 20.38% in year one. Equity gained on principal adds $1,058/yr while 5% annual appreciation supports $45,283 over five years. Portfolio math shows five-year ROI at 108.38% and total cumulative return in cash at $58,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,406/mo property income against a $802/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
$240 monthly HOA
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Listed by: Makenzie Agresti • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #183687
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.