2916 Colonial 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 2916 Colonial Ave, Erie, PA, 16506 uses $53,007 cash to close to unlock $4,486/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $783/mo payment keeps the spread at $374/mo. Purchase price stands at $159,900, and rental yield measures 10.67% with $1,422/mo rent. Return on cash invested shows 28.37% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 148.72% and total cumulative return in cash records $78,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Alisa McGraw • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #186020