647-649 E 11th StEriePA16503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 647-649 E 11th St, Erie, PA, 16503 offers a 14.66% rental yield on a $127,500 purchase with $1,558/mo rent. Total monthly income registers $1,558/mo, and a $624/mo payment leaves $723/mo available for distribution. Annual cash flow reaches $8,671/yr on $42,266 to close, and return on cash invested stands at 40.42% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 213.39% and total cumulative return in cash at $90,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,558/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1865
7,265 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Bowers • The Bowers Group LLC
Mls Name: GEMLS
Mls ID: #184212
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.