902 Sill AveEriePA16505
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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 902 Sill Ave, Erie, PA, 16505 generates $1,912/mo in rent and, after a $979/mo payment, leaves $601/mo in cash flow. Total monthly income is $1,912/mo, and annual cash flow is $7,216/yr on $66,300 invested. Return on cash invested sits at 30.79% in year one, and rental yield is 11.47% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 161.73% and total cumulative return in cash sums $107,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,912/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
7,823 sqft lot
$N/A/sqft
No HOA
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Listed by: Pat Doran • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #180916
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