923 E 7th StEriePA16503
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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 923 E 7th St, Erie, PA, 16503 offers a 13.93% rental yield on a $114,000 purchase with $1,323/mo rent. Total monthly income registers $1,323/mo, and a $558/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,625/yr on $37,791 to close, and return on cash invested stands at 37.44% in year one. Equity gained on principal adds $736/yr while 5% annual appreciation supports $31,496 over five years. Portfolio math shows five-year ROI at 197.72% and total cumulative return in cash at $74,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,323/mo property income against a $558/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1882
9,073 sqft lot
$N/A/sqft
No HOA
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Listed by: Caleb Kowalczyk • eXp Realty, LLC
Mls Name: GEMLS
Mls ID: #182436
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.