2312 Union AveEriePA16510
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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 2312 Union Ave, Erie, PA, 16510 earns $178/mo cash flow from $1,200/mo rent with a $763/mo payment. Total monthly income totals $1,200/mo, and annual cash flow totals $2,142/yr on $51,681 capital. ROI tracks 24.05% on current figures, and rental yield reads 9.24% at a $155,900 purchase. Equity gained on principal adds $1,006/yr, and 5% annual appreciation supports $43,072 over five years. Five-year ROI reaches 125.57% and total cumulative return in cash sums $64,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,200/mo property income instead of your personal income.
Single Family
Built in 1920
5,662 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: Patricia Christianson • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #187764