29 Longfellow DrEriePA16509
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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 29 Longfellow Dr, Erie, PA, 16509 offers $2,018/mo rent that, after a $1,174/mo payment, leaves $125/mo cash flow. Total monthly income is $2,018/mo, and annual cash flow is $1,497/yr on $79,527 cash. Return on cash invested measures 21.79% in year one, and rental yield stands at 10.09% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 115.18% and total cumulative return in cash reaches $91,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,018/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$320 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Sherri Heasley • Weichert Realtors - The Pro Group
Mls Name: GEMLS
Mls ID: #179944
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.