Zip Code 16510 — Erie, PA
🟡MODERATE— average returnsCap Rate
4.7%
Monthly Cash Flow
-$283
Median Home Price
$205,077
DSCR
0.74
Fair Market Rents
- Studio
- $790/mo
- 1 Bedroom
- $820/mo
- 2 Bedroom
- $1,070/mo
- 3 Bedroom
- $1,340/mo
- 4 Bedroom
- $1,460/mo
Investment Metrics
- Cap Rate
- 4.7%
- Cash-on-Cash Return
- -7.2%
- Price-to-Rent Ratio
- 12.8
- 1% Rule
- 0.65%
- Gross Rent Multiplier
- 12.8
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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