3816 Hamilton RdEriePA16510
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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 3816 Hamilton Rd, Erie, PA, 16510 at $109,900 posts ROI 24.02% with $125/mo cash flow from $866/mo rent. Total monthly income equals $866/mo, and annual cash flow records $1,500/yr on $36,432 to close. Return on cash invested measures 24.02% and rental yield reads 9.46% at the current $109,900. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 by year five. Five-year ROI prints 125.64% and total cumulative return in cash totals $45,772.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $866/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1933
0.34 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: Seth Tuttle Jr • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #181153
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.