517 Strathmore AveEriePA16505
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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 517 Strathmore Ave, Erie, PA, 16505 offers a 11.75% rental yield on a $225,000 purchase with $2,204/mo rent. Total monthly income registers $2,204/mo, and a $1,101/mo payment leaves $730/mo available for distribution. Annual cash flow reaches $8,758/yr on $74,588 to close, and return on cash invested stands at 31.65% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 166.29% and total cumulative return in cash at $124,029. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,204/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
0.28 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Melissa Zdunski • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #182006
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