2404 W 6th StEriePA16505
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 2404 W 6th St, Erie, PA, 16505 generates $3,059/mo in rent and, after a $1,982/mo payment, leaves $397/mo in cash flow. Total monthly income is $3,059/mo, and annual cash flow is $4,759/yr on $134,258 invested. Return on cash invested sits at 23.45% in year one, and rental yield is 9.06% on a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 122.36% and total cumulative return in cash sums $164,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,059/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.30 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan DeMarco • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #182298
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.