2824 German StEriePA16504
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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 2824 German St, Erie, PA, 16504 earns $655/mo cash flow from $1,409/mo rent with a $563/mo payment. Total monthly income totals $1,409/mo, and annual cash flow totals $7,863/yr on $38,123 capital. ROI tracks 40.54% on current figures, and rental yield reads 14.7% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 214.01% and total cumulative return in cash sums $81,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,409/mo property income instead of your personal income.
Single Family
Built in 1925
2,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Lynne McCullough • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #188125