Emerald Plan, The RetreatEriePA16511
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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 Emerald Plan, The Retreat, Erie, PA, 16511 priced at $458,900 converts $1,200/mo rent into after a $2,246/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 4.87% in year one, and rental yield reads 3.14% against a $458,900 entry. Equity gained on principal adds $2,961/yr, while 5% annual appreciation compiles into $126,786 by year five. Five-year ROI reaches 22.92% and total cumulative return in cash sums $34,864. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $2,246/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$100 monthly 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: N/A • Maleno Custom Building
Mls Name: Maleno Custom Building
Mls ID: #N/A