89 Eaton DrNorth EastPA16428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North East at 89 Eaton Dr, North East, PA, 16428 priced at $289,900 converts $1,741/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,741/mo. Return on cash invested prints 17.93% in year one, and rental yield reads 7.21% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 92.72% and total cumulative return in cash sums $89,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,741/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16428, North East, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,453 (100%) |
| Owner Occupied HU | 3,935 (72.2%) |
| Renter Occupied HU | 1,076 (19.7%) |
| Vacant Housing Units | 442 ( 8.1%) |
| Median Home Value | $230,046 |
| Average Home Value | $271,376 |
Housing Distribution
Address Breakdown
Residential
5,192
Single Family
4,864
Multi-Family
328
Businesses
355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie Jaglowski • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #188627