235 Edgewater CirEriePA16509
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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 235 Edgewater Cir, Erie, PA, 16509 offers a 5.23% rental yield on a $1,390,000 purchase with $6,053/mo rent. 23% in year one. Equity gained on principal adds $8,969/yr while 5% annual appreciation supports $384,031 over five years. Portfolio math shows five-year ROI at 62.05% and total cumulative return in cash at $279,432. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,053/mo property income against a $6,803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.23 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Marsha Marsh • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #180619