1115 Ardmore AveEriePA16505
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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
Investment Highlights
Rental property for sale in Erie at 1115 Ardmore Ave, Erie, PA, 16505 generates $1,828/mo in rent and, after a $1,077/mo payment, leaves $386/mo in cash flow. Total monthly income is $1,828/mo, and annual cash flow is $4,634/yr on $72,930 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.97% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 137.46% and total cumulative return in cash sums $100,247. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,828/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,200 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Slythe Stoler • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #188572