2770 E 28th 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 2770 E 28th St, Erie, PA, 16510 uses $54,664 cash to close to unlock $2,634/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,300/mo, and a $807/mo payment keeps the spread at $220/mo. Purchase price stands at $164,900, and rental yield measures 9.46% with $1,300/mo rent. Return on cash invested shows 24.73% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 129.22% and total cumulative return in cash records $70,636. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,300/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1969
6,534 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: Seth Tuttle Sr • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #187982