759 E 6th StEriePA16503
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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
Rental property for sale in Erie at 759 E 6th St, Erie, PA, 16503 offers $992/mo rent that, after a $734/mo payment, leaves $9/mo cash flow. Total monthly income is $992/mo, and annual cash flow is $111/yr on $49,725 cash. Return on cash invested measures 20.13% in year one, and rental yield stands at 7.94% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 104.6% and total cumulative return in cash reaches $52,014. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $992/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1911
6,303 sqft lot
$N/A/sqft
No HOA
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Listed by: Cate Hoopaugh • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #179842
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.