2858 W 30th StEriePA16506
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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 2858 W 30th St, Erie, PA, 16506 offers a 8.94% rental yield on a $225,000 purchase with $1,677/mo rent. Total monthly income registers $1,677/mo, and a $1,101/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,434/yr on $74,588 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 120.8% and total cumulative return in cash at $90,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,677/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
10,776 sqft lot
$N/A/sqft
No HOA
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Listed by: Karen Puckly • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #184484
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.