627 E 28th StEriePA16504
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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 627 E 28th St, Erie, PA, 16504 listed at $110,900 pairs $1,474/mo rent with a $543/mo payment to leave $700/mo cash flow. Total monthly income runs $1,474/mo, and annual cash flow reaches $8,401/yr on $36,763 cash to close. Return on cash invested measures 42.76% in year one, and rental yield registers 15.95% at a $110,900 basis. Equity gained on principal adds $716/yr, and annual property appreciation at 5% supports $30,640 by year five. Five-year ROI tracks 226.55% and total cumulative return in cash totals $83,286. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,474/mo property income relative to a $543/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
4,591 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Stephanie Montgomery • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #188651
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.