2406 Saltsman 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 2406 Saltsman Rd, Erie, PA, 16510 uses $71,273 cash to close to unlock $9,726/yr annual cash flow and $810/mo monthly cash flow. Total monthly income runs $2,219/mo, and a $1,052/mo payment keeps the spread at $810/mo. Purchase price stands at $215,000, and rental yield measures 12.39% with $2,219/mo rent. Return on cash invested shows 33.55% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 176.52% and total cumulative return in cash records $125,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,219/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.72 Acres 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: JP Hood • eXp Realty, LLC
Mls Name: GEMLS
Mls ID: #179925
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.