2741 E 29th 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
Investment property for sale in Erie at 2741 E 29th St, Erie, PA, 16510 listed at $127,600 pairs $1,934/mo rent with a $625/mo payment to leave $1,009/mo cash flow. Total monthly income runs $1,934/mo, and annual cash flow reaches $12,110/yr on $42,299 cash to close. Return on cash invested measures 48.54% in year one, and rental yield registers 18.19% at a $127,600 basis. Equity gained on principal adds $823/yr, and annual property appreciation at 5% supports $35,254 by year five. Five-year ROI tracks 257.86% and total cumulative return in cash totals $109,073. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,934/mo property income relative to a $625/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.38 Acres 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: Margel Szumigale • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #184202
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