2523 Rice Ave, Lake City, PA, 16423 | $257/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
3 Bath
3408 sft

1590 Lee Rd, Waterford, PA, 16441

4 Bed
3 Bath
2088 sft

122 Water St, Edinboro, PA, 16412

2 Bed
1 Bath
2076 sft

3605 Beaver St, Springboro, PA, 16435

3 Bed
1 Bath
1215 sft

4518 Harding Dr, Erie, PA, 16509

Nearby investment properties with comparable prices

2 Bed
1 Bath
1098 sft

502 Chautauqua Blvd, Erie, PA, 16511

4 Bed
1 Bath
1612 sft

2321 Plum St, Erie, PA, 16502

4 Bed
1 Bath
1488 sft

1256 E 21st St, Erie, PA, 16503

3 Bed
2 Bath
1098 sft

2340 Buffalo Rd, Erie, PA, 16510

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lake City at 2523 Rice Ave, Lake City, PA, 16423 earns $257/mo cash flow from $1,469/mo rent with a $905/mo payment. Total monthly income totals $1,469/mo, and annual cash flow totals $3,087/yr on $61,328 capital. ROI tracks 24.94% on current figures, and rental yield reads 9.53% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 130.38% and total cumulative return in cash sums $79,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,469/mo property income instead of your personal income.

Single Family

Built in 1864

0.95 Acres lot

$N/A/sqft

No HOA