3029 Hazel StEriePA16508
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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 3029 Hazel St, Erie, PA, 16508 uses $59,637 cash to close to unlock $6,956/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $1,759/mo, and a $881/mo payment keeps the spread at $580/mo. Purchase price stands at $179,900, and rental yield measures 11.73% with $1,759/mo rent. Return on cash invested shows 31.57% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 165.88% and total cumulative return in cash records $98,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,759/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1916
4,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16508, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,921 (100%) |
| Owner Occupied HU | 4,354 (62.9%) |
| Renter Occupied HU | 1,997 (28.9%) |
| Vacant Housing Units | 570 ( 8.2%) |
| Median Home Value | $130,047 |
| Average Home Value | $187,683 |
Housing Distribution
Address Breakdown
Residential
6,931
Single Family
6,764
Multi-Family
167
Businesses
601
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Listed by: Helen Santiago • RE/MAX Lakeland Realty
Mls Name: GEMLS
Mls ID: #187262