2739 E 31st StEriePA16510
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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
Rental property for sale in Erie at 2739 E 31st St, Erie, PA, 16510 generates $1,749/mo in rent and, after a $1,003/mo payment, leaves $406/mo in cash flow. Total monthly income is $1,749/mo, and annual cash flow is $4,873/yr on $67,941 invested. Return on cash invested sits at 27.08% in year one, and rental yield is 10.24% on a $204,950 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,624 over five years. Five-year ROI reaches 141.85% and total cumulative return in cash sums $96,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,749/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
5,880 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: Bryan Sweeney • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #188124