1202 Pasadena DrEriePA16505
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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 1202 Pasadena Dr, Erie, PA, 16505 priced at $350,000 converts $2,450/mo rent into $155/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,450/mo, and annual cash flow totals $1,861/yr on $116,025 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 8.4% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 111.96% and total cumulative return in cash sums $129,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,450/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
$18 annually HOA
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Listed by: Margel Szumigale • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #180070
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