4215 Pine AveEriePA16504
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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 4215 Pine Ave, Erie, PA, 16504 priced at $115,100 pairs $1,436/mo rent with $532/mo cash flow after a $563/mo payment. Total monthly income equals $1,436/mo, and annual cash flow comes to $6,387/yr on $38,156 invested. Return on cash invested is 36.65% in year one, and rental yield stands at 14.97% on a $115,100 basis. Equity gained on principal adds $743/yr, and 5% annual appreciation accumulates to $31,800 by year five. Five-year ROI measures 194.88% and total cumulative return in cash reaches $74,357. For financing, Ziffy Mortgage’s DSCR program evaluates $1,436/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Libby Remache • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #183729
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.