3015 Greeley 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
Rental property for sale in Erie at 3015 Greeley Ave, Erie, PA, 16506 generates $1,507/mo in rent, after a $1,223/mo payment. Total monthly income is $1,507/mo. Return on cash invested sits at 18.02% in year one, and rental yield is 7.24% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 93.2% and total cumulative return in cash sums $77,210. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
10,711 sqft lot
$N/A/sqft
No HOA
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Listed by: Brittany Arrigo • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #185774
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