820 Rankine AveEriePA16511
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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 820 Rankine Ave, Erie, PA, 16511 priced at $179,900 converts $1,456/mo rent into $277/mo cash flow after a $881/mo obligation. Total monthly income equals $1,456/mo, and annual cash flow totals $3,320/yr on $59,637 invested. Return on cash invested prints 25.48% in year one, and rental yield reads 9.71% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 133.2% and total cumulative return in cash sums $79,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,456/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1915
6,873 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: Sally Loftus • Howard Hanna Erie East
Mls Name: GEMLS
Mls ID: #185788