329 Metz 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 329 Metz St, Erie, PA, 16508 with 5% annual appreciation on a $164,900 basis while $1,606/mo rent supports operations. Total monthly income totals $1,606/mo and a $807/mo payment preserves $526/mo for cash returns. Annual cash flow comes to $6,306/yr on $54,664 deployed, and return on cash invested reaches 31.45% in year one. Equity gained on principal adds $1,064/yr, and five-year appreciation sums $45,559 alongside rental yield of 11.69%. Five-year ROI measures 165.22% and total cumulative return in cash totals $90,316.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,606/mo property income versus a $807/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
3,145 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: Carrie McAdams • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #188360