201 Liberty StEriePA16507
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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
Rental property for sale in Erie at 201 Liberty St, Erie, PA, 16507 priced at $191,000 converts $760/mo rent into after a $935/mo obligation. Total monthly income equals $760/mo. Return on cash invested prints 10.59% in year one, and rental yield reads 4.77% against a $191,000 entry. Equity gained on principal adds $1,232/yr, while 5% annual appreciation compiles into $52,770 by year five. Five-year ROI reaches 53.41% and total cumulative return in cash sums $33,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $760/mo property income covering a $935/mo payment, not borrower’s personal income.
Multi Family
Built in 1889
2,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16507, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,038 (100%) |
| Owner Occupied HU | 1,142 (28.3%) |
| Renter Occupied HU | 2,148 (53.2%) |
| Vacant Housing Units | 748 (18.5%) |
| Median Home Value | $69,504 |
| Average Home Value | $121,219 |
Housing Distribution
Address Breakdown
Residential
3,625
Single Family
3,283
Multi-Family
342
Businesses
319
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Listed by: Eric Hammill • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #181168
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.