806 Marne RdEriePA16511
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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 806 Marne Rd, Erie, PA, 16511 uses $36,432 cash to close to unlock $16,173/yr annual cash flow and $1,348/mo monthly cash flow. Total monthly income runs $2,068/mo, and a $538/mo payment keeps the spread at $1,348/mo. Purchase price stands at $109,900, and rental yield measures 22.58% with $2,068/mo rent. Return on cash invested shows 64.3% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 341.38% and total cumulative return in cash records $124,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,068/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1956
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16511, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,105 (63.5%) |
| Renter Occupied HU | 1,440 (29.5%) |
| Vacant Housing Units | 343 ( 7.0%) |
| Median Home Value | $196,274 |
| Average Home Value | $227,448 |
Housing Distribution
Address Breakdown
Residential
4,845
Single Family
4,529
Multi-Family
316
Businesses
190
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Listed by: Sonya Beard • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #187994