21 East DrEriePA16511
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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 21 East Dr, Erie, PA, 16511 at $625,000 posts ROI 10.24% with from $2,413/mo rent. Total monthly income equals $2,413/mo. Return on cash invested measures 10.24% and rental yield reads 4.63% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 51.45% and total cumulative return in cash totals $105,793. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,413/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
1.51 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: Libby Remache • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #182067
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.