29 Longfellow DrEriePA16509
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 29 Longfellow Dr, Erie, PA, 16509 in Erie is narrow, $125/mo net on $2,018/mo rent after the $1,079/mo debt service, but the property operates at break-even-plus, not a loss. At $239,900 with a 10.1% yield, the long-run equity case via 5% appreciation ($66,280 over five years) and $2,210/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.87 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $100,761.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.8% |
| Monthly Cash Flow | $125 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,018 |
| Total Monthly Debt Service | $1,798 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
N/A lot
$N/A/sqft
$320 monthly HOA
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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
Condo
Built in 1997
N/A lot
$N/A/sqft
$320 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices