512 W 4th StEriePA16507
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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 512 W 4th St, Erie, PA, 16507 uses $33,150 cash to close to unlock $7,466/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $1,277/mo, and a $489/mo payment keeps the spread at $622/mo. Purchase price stands at $100,000, and rental yield measures 15.32% with $1,277/mo rent. Return on cash invested shows 42.43% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 224.23% and total cumulative return in cash records $74,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,277/mo property income covering a $489/mo payment rather than investor’s personal income.
Multi Family
Built in 1892
4,495 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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Listed by: Autumn Hicks • Weichert Realtors - The Pro Group
Mls Name: GEMLS
Mls ID: #186005