2839 E 30th StEriePA16510
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2839 E 30th St, Erie, PA, 16510 in Erie is a solid income-producing rental, 11.14% gross yield, $1,670/mo rent, $444/mo net cash flow on a $179,900 buy. DSCR 2.06 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $49,703 and $1,657/yr in principal reduction project a total cumulative return of $97,234.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 7.8% |
| Monthly Cash Flow | $444 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,670 |
| Total Monthly Debt Service | $1,155 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
9,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1962
9,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth Tuttle Sr • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #185614
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.