2647 W 24th StEriePA16506
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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 2647 W 24th St, Erie, PA, 16506 offers a 13.74% rental yield on a $174,900 purchase with $2,003/mo rent. Total monthly income registers $2,003/mo, and a $856/mo payment leaves $857/mo available for distribution. Annual cash flow reaches $10,283/yr on $57,979 to close, and return on cash invested stands at 37.65% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 198.42% and total cumulative return in cash at $115,044. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,003/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,291 sqft lot
$N/A/sqft
No HOA
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Listed by: Carol Johnson • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #181149
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.