606 Payne AveEriePA16503
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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 606 Payne Ave, Erie, PA, 16503 offers a 5.88% rental yield on a $249,900 purchase with $1,225/mo rent. 93% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 71.3% and total cumulative return in cash at $59,066. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,225/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1924
4,791 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Craig Arneman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #187385
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