629 Cherry StEriePA16502
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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 629 Cherry St, Erie, PA, 16502 at $289,900 posts ROI 16.5% with from $1,627/mo rent. Total monthly income equals $1,627/mo. Return on cash invested measures 16.5% and rental yield reads 6.73% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 85.09% and total cumulative return in cash totals $81,777. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,627/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1898
3,402 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16502, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,681 (100%) |
| Owner Occupied HU | 2,457 (32.0%) |
| Renter Occupied HU | 4,325 (56.3%) |
| Vacant Housing Units | 899 (11.7%) |
| Median Home Value | $87,569 |
| Average Home Value | $133,334 |
Housing Distribution
Address Breakdown
Residential
6,831
Single Family
6,046
Multi-Family
785
Businesses
424
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Listed by: Maryanne Szewczyk • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #189214