402 Myrtle StEriePA16507
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 402 Myrtle St, Erie, PA, 16507 at $164,000 posts ROI 24.08% with $189/mo cash flow from $1,264/mo rent. Total monthly income equals $1,264/mo, and annual cash flow records $2,268/yr on $54,366 to close. Return on cash invested measures 24.08% and rental yield reads 9.25% at the current $164,000. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,310 by year five. Five-year ROI prints 125.76% and total cumulative return in cash totals $68,373.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,264/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16507, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,038 (100%) |
| Owner Occupied HU | 1,142 (28.3%) |
| Renter Occupied HU | 2,148 (53.2%) |
| Vacant Housing Units | 748 (18.5%) |
| Median Home Value | $69,504 |
| Average Home Value | $121,219 |
Housing Distribution
Address Breakdown
Residential
3,625
Single Family
3,283
Multi-Family
342
Businesses
319
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Nearby investment properties with comparable prices
Listed by: Mary Smrekar • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #187853