235 W 7th StEriePA16501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow235 W 7th St, Erie, PA, 16501 in Erie is a top-tier cash-flow asset. At $430,000 it produces $3,607/mo in rent and $789/mo in net monthly income, a 10.07% gross rental yield. The DSCR of 1.87 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $9,474. Five-year appreciation adds $118,801, driving a total cumulative return of $214,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.8% |
| Monthly Cash Flow | $789 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,607 |
| Total Monthly Debt Service | $2,647 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
8,725 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16501, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,616 (100%) |
| Owner Occupied HU | 19 ( 1.2%) |
| Renter Occupied HU | 1,421 (87.9%) |
| Vacant Housing Units | 176 (10.9%) |
| Median Home Value | $117,857 |
| Average Home Value | $128,594 |
Housing Distribution
Address Breakdown
Residential
1,330
Single Family
162
Multi-Family
1,168
Businesses
707
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
Single Family
Built in 1925
8,725 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16501, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,616 (100%) |
| Owner Occupied HU | 19 ( 1.2%) |
| Renter Occupied HU | 1,421 (87.9%) |
| Vacant Housing Units | 176 (10.9%) |
| Median Home Value | $117,857 |
| Average Home Value | $128,594 |
Housing Distribution
Address Breakdown
Residential
1,330
Single Family
162
Multi-Family
1,168
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GEMLS
Mls ID: #189957