1954 E 2nd StEriePA16511
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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 1954 E 2nd St, Erie, PA, 16511 earns $90/mo cash flow from $1,460/mo rent with a $1,023/mo payment. Total monthly income totals $1,460/mo, and annual cash flow totals $1,085/yr on $69,284 capital. ROI tracks 21.47% on current figures, and rental yield reads 8.38% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 111.75% and total cumulative return in cash sums $77,426. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,460/mo property income instead of your personal income.
Single Family
Built in 1954
0.25 Acres 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: Lorraine Fox • KW Flagship Realty
Mls Name: GEMLS
Mls ID: #189366