Zip Code 16508 — Erie, PA
🟡MODERATE— average returnsCap Rate
5.2%
Monthly Cash Flow
-$166
Median Home Price
$165,792
DSCR
0.81
🏠 Fair Market Rents
- Studio
- $690/mo
- 1 Bedroom
- $720/mo
- 2 Bedroom
- $930/mo
- 3 Bedroom
- $1,160/mo
- 4 Bedroom
- $1,270/mo
📊 Investment Metrics
- Cap Rate
- 5.2%
- Cash-on-Cash Return
- -5.2%
- Price-to-Rent Ratio
- 11.9
- 1% Rule
- 0.70%
- Gross Rent Multiplier
- 11.9
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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