5222 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
Rental property for sale in Erie at 5222 E Lake Rd, Erie, PA, 16511 priced at $239,900 converts $2,147/mo rent into $542/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $6,501/yr on $79,527 invested. Return on cash invested prints 28.08% in year one, and rental yield reads 10.74% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 147.34% and total cumulative return in cash sums $117,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.51 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: Stephanie Montgomery • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #177927
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.