3248 W 12th St, Erie, PA 16505

4 bd · 2 ba · 1,897 sqft · built 1924 · Erie · SINGLE_FAMILY·source listing ↗

$90,000

rent, three ways

OnePercent model (vv1)$2,612/mo

p10–p90 confidence band

HUD Fair Market Rent · 16505 · 4BR$1,570/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Erie

Flood risk indexRelatively Low FEMA NRI

Median household income$72,938

Median area rent$881/mo

Median home value$211,700

the verdict

2.90%vs 1.0% target

wide confidence band

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

$90,000

2.90% · rent $2,612

Intrinsic value · income approach

$412,963

78% 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.