4020 Trask AveEriePA16508
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 4020 Trask Ave, Erie, PA, 16508 at $223,000 posts ROI 23.87% with $244/mo cash flow from $1,836/mo rent. Total monthly income equals $1,836/mo, and annual cash flow records $2,930/yr on $73,925 to close. Return on cash invested measures 23.87% and rental yield reads 9.88% at the current $223,000. Equity gained on principal adds $1,439/yr, and 5% annual appreciation supports $61,611 by year five. Five-year ROI prints 125.4% and total cumulative return in cash totals $92,705.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,836/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
9,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16508, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,921 (100%) |
| Owner Occupied HU | 4,354 (62.9%) |
| Renter Occupied HU | 1,997 (28.9%) |
| Vacant Housing Units | 570 ( 8.2%) |
| Median Home Value | $130,047 |
| Average Home Value | $187,683 |
Housing Distribution
Address Breakdown
Residential
6,931
Single Family
6,764
Multi-Family
167
Businesses
601
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Listed by: Kathe Rafferty • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #180303
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.