310 W Grandview BlvdEriePA16508
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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 310 W Grandview Blvd, Erie, PA, 16508 priced at $449,000 converts $2,406/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,406/mo. Return on cash invested prints 15.58% in year one, and rental yield reads 6.43% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 80.13% and total cumulative return in cash sums $119,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,406/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1956
2.02 Acres 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: Thomas Jones • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #188634