3705 Main StEriePA16511
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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
Rental property for sale in Erie at 3705 Main St, Erie, PA, 16511 generates $909/mo in rent and, after a $563/mo payment, leaves $155/mo in cash flow. Total monthly income is $909/mo, and annual cash flow is $1,863/yr on $38,123 invested. Return on cash invested sits at 24.8% in year one, and rental yield is 9.49% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 129.65% and total cumulative return in cash sums $49,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $909/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16511, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,105 (63.5%) |
| Renter Occupied HU | 1,440 (29.5%) |
| Vacant Housing Units | 343 ( 7.0%) |
| Median Home Value | $196,274 |
| Average Home Value | $227,448 |
Housing Distribution
Address Breakdown
Residential
4,845
Single Family
4,529
Multi-Family
316
Businesses
190
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Listed by: Charles Himes • RE/MAX Lakeland Realty
Mls Name: GEMLS
Mls ID: #187779