2828 Carter 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
Investment property for sale in Erie at 2828 Carter Ave, Erie, PA, 16506 uses $60,002 cash to close to unlock $3,034/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,439/mo, and a $886/mo payment keeps the spread at $253/mo. Purchase price stands at $181,000, and rental yield measures 9.54% with $1,439/mo rent. Return on cash invested shows 24.97% in year one, and 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 130.41% and total cumulative return in cash records $78,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,439/mo property income covering a $886/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.83 Acres lot
$N/A/sqft
No HOA
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Listed by: Paul Gornall • Weichert Realtors - The Pro Group
Mls Name: GEMLS
Mls ID: #188514