1414 Drake Dr, Erie, PA, 16505 | $759/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erie at 1414 Drake Dr, Erie, PA, 16505 uses $115,992 cash to close to unlock $9,105/yr annual cash flow and $759/mo monthly cash flow. Total monthly income runs $3,052/mo, and a $1,713/mo payment keeps the spread at $759/mo. Purchase price stands at $349,900, and rental yield measures 10.47% with $3,052/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 145.41% and total cumulative return in cash records $168,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,052/mo property income covering a $1,713/mo payment rather than investor’s personal income.

Single Family

Built in 1970

0.47 Acres lot

$N/A/sqft

No HOA