409 Ross StEriePA16507
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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 409 Ross St, Erie, PA, 16507 with 5% annual appreciation on a $120,000 basis while $1,061/mo rent supports operations. Total monthly income totals $1,061/mo and a $587/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,300/yr on $39,780 deployed, and return on cash invested reaches 28.2% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 10.61%. Five-year ROI measures 147.8% and total cumulative return in cash totals $58,795.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,061/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1892
4,787 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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Listed by: Nathan Sherman • Thrive Real Estate LLC
Mls Name: GEMLS
Mls ID: #181950