1742 W Gore RdEriePA16509
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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 1742 W Gore Rd, Erie, PA, 16509 uses $92,820 cash to close to unlock $7,124/yr annual cash flow and $594/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,370/mo payment keeps the spread at $594/mo. Purchase price stands at $280,000, and rental yield measures 10.41% with $2,428/mo rent. Return on cash invested shows 27.58% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 144.48% and total cumulative return in cash records $134,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1995
8,102 sqft lot
$N/A/sqft
No HOA
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Listed by: Bob Pfister • Bob Pfister Real Estate Services
Mls Name: GEMLS
Mls ID: #185690
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