3503 Pennsylvania 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
Investment property for sale in Erie at 3503 Pennsylvania Ave, Erie, PA, 16504 offers a 11.83% rental yield on a $126,000 purchase with $1,242/mo rent. Total monthly income registers $1,242/mo, and a $617/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,074/yr on $41,769 to close, and return on cash invested stands at 29.66% in year one. Equity gained on principal adds $813/yr while 5% annual appreciation supports $34,811 over five years. Portfolio math shows five-year ROI at 156.45% and total cumulative return in cash at $65,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,242/mo property income against a $617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1949
6,220 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: Jennifer Nelson • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #187137
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.