Erie, PA — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
5.1%
Below average
Monthly Cash Flow
-$205
After all expenses
Price-to-Rent
12.2
Investor-friendly
DSCR
0.79
Fails
📊 Key Metrics
- Median Home Price
- $184,417
- Average Rent (3BR)
- $1,280/mo
- Price-to-Rent Ratio
- 12.2(good)
- 1% Rule
- 0.68%(fails — need 1%+)
- Cash-on-Cash Return
- -5.8%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →🏘️ Best Zip Codes in Erie for Investors
All Zip Codes in Erie
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 16503 | 14.1% | +$447 | $69,914 | $1,120/mo | 2.20 |
| 16507 | 9.9% | +$306 | $105,529 | $1,240/mo | 1.54 |
| 16502 | 7.3% | +$96 | $128,191 | $1,170/mo | 1.14 |
| 16504 | 6.8% | +$56 | $152,314 | $1,320/mo | 1.07 |
| 16508 | 5.2% | -$166 | $165,792 | $1,160/mo | 0.81 |
| 16511 | 4.9% | -$245 | $203,043 | $1,370/mo | 0.77 |
| 16510 | 4.7% | -$283 | $205,077 | $1,340/mo | 0.74 |
| 16509 | 3.4% | -$657 | $267,800 | $1,400/mo | 0.54 |
| 16506 | 3.4% | -$717 | $288,975 | $1,500/mo | 0.53 |
| 16505 | 3.0% | -$723 | $255,772 | $1,220/mo | 0.47 |