3609 Erie StEastonPA18045
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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 Easton at 3609 Erie St, Easton, PA, 18045 uses $112,710 cash to close to unlock $2,546/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $2,440/mo, and a $1,664/mo payment keeps the spread at $212/mo. Purchase price stands at $340,000, and rental yield measures 8.61% with $2,440/mo rent. Return on cash invested shows 22.17% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 115.46% and total cumulative return in cash records $130,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,440/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18045, Easton, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,452 (100%) |
| Owner Occupied HU | 10,578 (78.6%) |
| Renter Occupied HU | 2,460 (18.3%) |
| Vacant Housing Units | 414 ( 3.1%) |
| Median Home Value | $370,344 |
| Average Home Value | $419,077 |
Housing Distribution
Address Breakdown
Residential
12,945
Single Family
12,747
Multi-Family
198
Businesses
770
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Listed by: Nick Smith • Coldwell Banker Hearthside
Mls Name: GLVR
Mls Provider:
Mls ID: #759649
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.