1119 Spring Valley DrEriePA16509
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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
Investment property for sale in Erie at 1119 Spring Valley Dr, Erie, PA, 16509 uses $130,943 cash to close to unlock $6,264/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $3,110/mo, and a $1,933/mo payment keeps the spread at $522/mo. Purchase price stands at $395,000, and rental yield measures 9.45% with $3,110/mo rent. Return on cash invested shows 24.69% in year one, and 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 128.97% and total cumulative return in cash records $168,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,110/mo property income covering a $1,933/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.55 Acres lot
$N/A/sqft
No HOA
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Listed by: Lisa Rubino • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #185839
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.