816 E Grandview BlvdEriePA16504
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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 816 E Grandview Blvd, Erie, PA, 16504 uses $85,859 cash to close to unlock $1,567/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $1,876/mo, and a $1,268/mo payment keeps the spread at $131/mo. Purchase price stands at $259,000, and rental yield measures 8.69% with $1,876/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 113.38% and total cumulative return in cash records $97,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,876/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1997
9,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Julie Wittman • RE/MAX Real Estate Group North East
Mls Name: GEMLS
Mls ID: #184480
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.