2760 Alexandra DrEriePA16506
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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 2760 Alexandra Dr, Erie, PA, 16506 priced at $395,000 converts $2,347/mo rent into after a $1,933/mo obligation. Total monthly income equals $2,347/mo. Return on cash invested prints 17.7% in year one, and rental yield reads 7.13% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 91.46% and total cumulative return in cash sums $119,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,347/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 2001
7,801 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Deborah Whited • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #183878
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