2812 Court AveEriePA16506
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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 2812 Court Ave, Erie, PA, 16506 generates $1,450/mo in rent and, after a $832/mo payment, leaves $336/mo in cash flow. Total monthly income is $1,450/mo, and annual cash flow is $4,035/yr on $56,322 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 10.24% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 141.82% and total cumulative return in cash sums $79,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,450/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,791 sqft lot
$N/A/sqft
No HOA
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Listed by: Shannon Wyant • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #184495
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.