2324 Buffalo RdEriePA16510
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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 2324 Buffalo Rd, Erie, PA, 16510 earns $144/mo cash flow from $959/mo rent with a $609/mo payment. Total monthly income totals $959/mo, and annual cash flow totals $1,722/yr on $41,272 capital. ROI tracks 24.08% on current figures, and rental yield reads 9.24% at a $124,500 purchase. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 over five years. Five-year ROI reaches 125.73% and total cumulative return in cash sums $51,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $959/mo property income instead of your personal income.
Single Family
Built in 1943
4,800 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: Sonja Thompson • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #174267
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.