2104 Eastlawn PkwyEriePA16510
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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 2104 Eastlawn Pkwy, Erie, PA, 16510 offers $1,841/mo rent that, after a $891/mo payment, leaves $585/mo cash flow. Total monthly income is $1,841/mo, and annual cash flow is $7,023/yr on $60,333 cash. Return on cash invested measures 31.55% in year one, and rental yield stands at 12.14% at a $182,000 entry. Equity gained on principal adds $1,174/yr while 5% annual appreciation compounds into $50,283 by year five. Five-year ROI records 166.25% and total cumulative return in cash reaches $100,305. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,841/mo property income versus a $891/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
8,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Stacey Santos • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #182141
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.