3106 Auburn StEriePA16508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3106 Auburn St, Erie, PA, 16508 priced at $174,900 pairs $1,456/mo rent with $289/mo cash flow after a $856/mo payment. Total monthly income equals $1,456/mo, and annual cash flow comes to $3,466/yr on $57,979 invested. Return on cash invested is 25.89% in year one, and rental yield stands at 9.99% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 135.54% and total cumulative return in cash reaches $78,588. For financing, Ziffy Mortgage’s DSCR program evaluates $1,456/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
7,091 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: Sherri Heasley • Weichert Realtors - The Pro Group
Mls Name: GEMLS
Mls ID: #182441
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.