1347 S Shore 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 1347 S Shore Dr, Erie, PA, 16505 offers $4,504/mo rent that, after a $3,597/mo payment. Total monthly income is $4,504/mo. Return on cash invested measures 13.61% in year one, and rental yield stands at 7.35% at a $735,000 entry. Equity gained on principal adds $4,743/yr while 5% annual appreciation compounds into $203,067 by year five. Five-year ROI records 71.28% and total cumulative return in cash reaches $172,356. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,504/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.40 Acres lot
$N/A/sqft
$48 monthly HOA
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Listed by: Levi Marsh • Marsha Marsh RES West Ridge
Mls Name: GEMLS
Mls ID: #180128
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