Zip Code 16503 — Erie, PA
🟢STRONG— excellent cash flow marketCap Rate
14.1%
Monthly Cash Flow
+$447
Median Home Price
$69,914
DSCR
2.20
🏠 Fair Market Rents
- Studio
- $660/mo
- 1 Bedroom
- $690/mo
- 2 Bedroom
- $900/mo
- 3 Bedroom
- $1,120/mo
- 4 Bedroom
- $1,230/mo
📊 Investment Metrics
- Cap Rate
- 14.1%
- Cash-on-Cash Return
- 33.4%
- Price-to-Rent Ratio
- 5.2
- 1% Rule
- 1.60%
- Gross Rent Multiplier
- 5.2
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →