3235 Pine AveEriePA16504
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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 3235 Pine Ave, Erie, PA, 16504 priced at $247,777 converts $1,694/mo rent into $70/mo cash flow after a $1,213/mo obligation. Total monthly income equals $1,694/mo, and annual cash flow totals $841/yr on $82,138 invested. Return on cash invested prints 20.93% in year one, and rental yield reads 8.2% against a $247,777 entry. Equity gained on principal adds $1,599/yr, while 5% annual appreciation compiles into $68,456 by year five. Five-year ROI reaches 108.87% and total cumulative return in cash sums $89,420. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,694/mo property income covering a $1,213/mo payment, not borrower’s personal income.
Single Family
Built in 1887
10,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Stephanie Yacobozzi • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #181070
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.