331 E 33rd StEriePA16504
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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 331 E 33rd St, Erie, PA, 16504 listed at $117,500 pairs $1,439/mo rent with a $575/mo payment to leave $669/mo cash flow. Total monthly income runs $1,439/mo, and annual cash flow reaches $8,030/yr on $38,951 cash to close. Return on cash invested measures 40.52% in year one, and rental yield registers 14.7% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 213.93% and total cumulative return in cash totals $83,330. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,439/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
3,920 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: Paul Nick • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #186002