2104 N Manor 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 2104 N Manor Dr, Erie, PA, 16505 offers $1,673/mo rent that, after a $930/mo payment, leaves $347/mo cash flow. Total monthly income is $1,673/mo, and annual cash flow is $4,162/yr on $62,985 cash. Return on cash invested measures 26.52% in year one, and rental yield stands at 10.57% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 139.33% and total cumulative return in cash reaches $87,756. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,673/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,250 sqft lot
$N/A/sqft
No HOA
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Listed by: Nancy Placidi • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #183702
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.