4335 E Lake RdEriePA16511
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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 4335 E Lake Rd, Erie, PA, 16511 uses $115,528 cash to close to unlock $253/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,706/mo payment keeps the spread at $21/mo. Purchase price stands at $348,500, and rental yield measures 7.94% with $2,305/mo rent. Return on cash invested shows 20.13% in year one, and 5% annual appreciation builds toward $96,284 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash records $120,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,706/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16511, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,105 (63.5%) |
| Renter Occupied HU | 1,440 (29.5%) |
| Vacant Housing Units | 343 ( 7.0%) |
| Median Home Value | $196,274 |
| Average Home Value | $227,448 |
Housing Distribution
Address Breakdown
Residential
4,845
Single Family
4,529
Multi-Family
316
Businesses
190
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Listed by: Marsha Marsh • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #188550