312 E 12th StEriePA16503
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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 312 E 12th St, Erie, PA, 16503 generates $801/mo in rent, after a $685/mo payment. Total monthly income is $801/mo. Return on cash invested sits at 16.91% in year one, and rental yield is 6.87% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 87.2% and total cumulative return in cash sums $40,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $801/mo property income rather than buyer’s personal income.
Multi Family
Built in 1877
6,795 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jake Scheloske • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #189204