2346 W 29th StEriePA16506
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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 2346 W 29th St, Erie, PA, 16506 offers a 10.81% rental yield on a $164,900 purchase with $1,486/mo rent. Total monthly income registers $1,486/mo, and a $807/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,866/yr on $54,664 to close, and return on cash invested stands at 28.81% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 151.1% and total cumulative return in cash at $82,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,486/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristi Kirsten • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #185714