502 E 24th St, Erie, PA, 16503 | $348/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1324 sft

59 Vine St, North East, PA, 16428

2 Bed
1 Bath
704 sft

3817 Maxwell Ave, Erie, PA, 16504

Investment Property+ 1 more

3 Bed
1 Bath
1142 sft

1611 Linwood Ave, Erie, PA, 16510

7 Bed
3 Bath
1998 sft

3501 W Lake Rd, Erie, PA, 16505

Nearby investment properties with comparable prices

Investment Property+ 3 more

6 Bed
2 Bath
2288 sft

337 W 25th St, Erie, PA, 16502

2 Bed
1 Bath
770 sft

3330 North St, Erie, PA, 16510

3 Bed
1 Bath
1960 sft

7614 Maple Dr, Fairview, PA, 16415

3 Bed
3 Bath
1260 sft

3510 Stough Ave, Erie, PA, 16508

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Erie at 502 E 24th St, Erie, PA, 16503 uses $34,808 cash to close to unlock $4,174/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,036/mo, and a $514/mo payment keeps the spread at $348/mo. Purchase price stands at $105,000, and rental yield measures 11.84% with $1,036/mo rent. Return on cash invested shows 31.9% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 167.66% and total cumulative return in cash records $58,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,036/mo property income covering a $514/mo payment rather than investor’s personal income.

Multi Family

Built in 1923

3,040 sqft lot

$N/A/sqft

No HOA