1115 East Ave, Erie, PA 16503

4 bd · 2 ba · 2,204 sqft · built 1961 · Erie · MULTI_FAMILY·source listing ↗

$120,000

rent, three ways

OnePercent model (vv1)$2,046/mo

p10–p90 confidence band

HUD Fair Market Rent · 16503 · 4BR$1,570/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Erie

Flood risk indexVery Low FEMA NRI

Median household income$32,340

Median area rent$869/mo

Median home value$64,600

the verdict

1.70%vs 1.2% target

financing: 20% down · — (FRED, live) · 30yr

$120,000

1.70% · rent $2,046

Intrinsic value · income approach

$135,636

12% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.