241 E 24th StEriePA16503
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
Investment property for sale in Erie at 241 E 24th St, Erie, PA, 16503 uses $39,449 cash to close to unlock $2,768/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,010/mo, and a $582/mo payment keeps the spread at $231/mo. Purchase price stands at $119,000, and rental yield measures 10.18% with $1,010/mo rent. Return on cash invested shows 26.93% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 140.98% and total cumulative return in cash records $55,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,010/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,679 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tama Samol • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #189089