2614 Fairmount PkwyEriePA16510
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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 2614 Fairmount Pkwy, Erie, PA, 16510 offers a 9.31% rental yield on a $110,000 purchase with $853/mo rent. Total monthly income registers $853/mo, and a $538/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,591/yr on $36,465 to close, and return on cash invested stands at 24.27% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 126.79% and total cumulative return in cash at $46,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $853/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
5,749 sqft 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: Corey Barbato • KW Flagship Realty
Mls Name: GEMLS
Mls ID: #189240