214 Lincoln AveEriePA16505
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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 214 Lincoln Ave, Erie, PA, 16505 uses $120,335 cash to close to unlock $10,731/yr annual cash flow and $894/mo monthly cash flow. Total monthly income runs $3,328/mo, and a $1,777/mo payment keeps the spread at $894/mo. Purchase price stands at $363,000, and rental yield measures 11% with $3,328/mo rent. Return on cash invested shows 28.83% in year one, and 5% annual appreciation builds toward $100,290 over five years. Five-year ROI reaches 151.36% and total cumulative return in cash records $182,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,328/mo property income covering a $1,777/mo payment rather than investor’s personal income.
Single Family
Built in 1914
0.41 Acres lot
$N/A/sqft
No HOA
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Listed by: Heather McBrier • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #180634
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