4377 Cooper RdEriePA16510
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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 4377 Cooper Rd, Erie, PA, 16510 priced at $485,000 converts $3,187/mo rent into $9/mo cash flow after a $2,374/mo obligation. Total monthly income equals $3,187/mo, and annual cash flow totals $105/yr on $160,778 invested. Return on cash invested prints 19.97% in year one, and rental yield reads 7.89% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 103.67% and total cumulative return in cash sums $166,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,187/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Charles Peters • Altair Real Estate Services
Mls Name: GEMLS
Mls ID: #178516
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.