424 Lighthouse 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 424 Lighthouse St, Erie, PA, 16507 at $115,000 posts ROI 39.15% with $611/mo cash flow from $1,365/mo rent. Total monthly income equals $1,365/mo, and annual cash flow records $7,335/yr on $38,123 to close. Return on cash invested measures 39.15% and rental yield reads 14.24% at the current $115,000. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 by year five. Five-year ROI prints 206.58% and total cumulative return in cash totals $78,753.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,365/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
3,049 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: Nathan Sherman • Thrive Real Estate LLC
Mls Name: GEMLS
Mls ID: #189376