919 W 24th StEriePA16502
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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 919 W 24th St, Erie, PA, 16502 listed at $114,900 pairs $1,789/mo rent with a $562/mo payment to leave $1,036/mo cash flow. Total monthly income runs $1,789/mo, and annual cash flow reaches $12,437/yr on $38,089 cash to close. Return on cash invested measures 52.56% in year one, and rental yield registers 18.68% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 278.48% and total cumulative return in cash totals $106,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,789/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1915
4,051 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16502, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,681 (100%) |
| Owner Occupied HU | 2,457 (32.0%) |
| Renter Occupied HU | 4,325 (56.3%) |
| Vacant Housing Units | 899 (11.7%) |
| Median Home Value | $87,569 |
| Average Home Value | $133,334 |
Housing Distribution
Address Breakdown
Residential
6,831
Single Family
6,046
Multi-Family
785
Businesses
424
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Listed by: Denise Caruana • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #179963