7490 Station RdEriePA16510
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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 7490 Station Rd, Erie, PA, 16510 at $299,000 posts ROI 29.26% with $772/mo cash flow from $2,731/mo rent. Total monthly income equals $2,731/mo, and annual cash flow records $9,266/yr on $99,119 to close. Return on cash invested measures 29.26% and rental yield reads 10.96% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 153.5% and total cumulative return in cash totals $152,146.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,731/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
19.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Carol Dabrowski • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #178281
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.