1540 Taylor Ridge CtEriePA16505
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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 1540 Taylor Ridge Ct, Erie, PA, 16505 generates $4,571/mo in rent and, after a $3,132/mo payment, leaves $288/mo in cash flow. Total monthly income is $4,571/mo, and annual cash flow is $3,453/yr on $210,527 invested. Return on cash invested sits at 21.7% in year one, and rental yield is 8.57% on a $639,900 entry. Equity gained on principal adds $4,129/yr, while 5% annual appreciation builds toward $176,793 over five years. Five-year ROI reaches 113.08% and total cumulative return in cash sums $238,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,571/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
2.60 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Toni Smith • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #179833
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.