0 Evans Proposed Build RdEriePA16509
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder0 Evans Proposed Build Rd, Erie, PA, 16509 in Erie is a stable, well-positioned rental at $449,900. Rental yield 7.35%. DSCR 1.36 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $124,299 in value and $4,144/yr in principal paydown builds equity, a total projected return of $158,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 7.8% |
| Monthly Cash Flow | $(193) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,755 |
| Total Monthly Debt Service | $2,769 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.71 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2024
0.71 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices