3556 Hamilton RdEriePA16510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3556 Hamilton Rd, Erie, PA, 16510 offers a 9.97% rental yield on a $179,900 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $881/mo payment leaves $316/mo available for distribution. Annual cash flow reaches $3,788/yr on $59,637 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 137.41% and total cumulative return in cash at $81,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Julie Wittman • RE/MAX Real Estate Group North East
Mls Name: GEMLS
Mls ID: #189006