179 Bank StNorth EastPA16428
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 North East at 179 Bank St, North East, PA, 16428 priced at $219,179 pairs $1,556/mo rent with $120/mo cash flow after a $1,073/mo payment. Total monthly income equals $1,556/mo, and annual cash flow comes to $1,434/yr on $72,658 invested. Return on cash invested is 21.88% in year one, and rental yield stands at 8.52% on a $219,179 basis. Equity gained on principal adds $1,414/yr, and 5% annual appreciation accumulates to $60,555 by year five. Five-year ROI measures 113.93% and total cumulative return in cash reaches $82,781. For financing, Ziffy Mortgage’s DSCR program evaluates $1,556/mo property income against a $1,073/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16428, North East, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,453 (100%) |
| Owner Occupied HU | 3,935 (72.2%) |
| Renter Occupied HU | 1,076 (19.7%) |
| Vacant Housing Units | 442 ( 8.1%) |
| Median Home Value | $230,046 |
| Average Home Value | $271,376 |
Housing Distribution
Address Breakdown
Residential
5,192
Single Family
4,864
Multi-Family
328
Businesses
355
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Nearby investment properties with comparable prices
Listed by: Carol Dabrowski • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #185878