3028 W 23rd 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 3028 W 23rd St, Erie, PA, 16506 uses $54,664 cash to close to unlock $5,574/yr annual cash flow and $465/mo monthly cash flow. Total monthly income runs $1,545/mo, and a $807/mo payment keeps the spread at $465/mo. Purchase price stands at $164,900, and rental yield measures 11.24% with $1,545/mo rent. Return on cash invested shows 30.11% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 158.04% and total cumulative return in cash records $86,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,545/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Brian Eastman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #185610
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