2321 Plum StEriePA16502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2321 Plum St, Erie, PA, 16502 priced at $157,900 converts $1,642/mo rent into $593/mo cash flow after a $773/mo obligation. Total monthly income equals $1,642/mo, and annual cash flow totals $7,122/yr on $52,344 invested. Return on cash invested prints 33.51% in year one, and rental yield reads 12.48% against a $157,900 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation compiles into $43,625 by year five. Five-year ROI reaches 176.44% and total cumulative return in cash sums $92,354. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,642/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1912
3,149 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16502, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,681 (100%) |
| Owner Occupied HU | 2,457 (32.0%) |
| Renter Occupied HU | 4,325 (56.3%) |
| Vacant Housing Units | 899 (11.7%) |
| Median Home Value | $87,569 |
| Average Home Value | $133,334 |
Housing Distribution
Address Breakdown
Residential
6,831
Single Family
6,046
Multi-Family
785
Businesses
424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenn Hills • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #183560
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.