2922 Highland RdEriePA16506
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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 2922 Highland Rd, Erie, PA, 16506 listed at $279,987 pairs $2,250/mo rent with a $1,370/mo payment to leave $416/mo cash flow. Total monthly income runs $2,250/mo, and annual cash flow reaches $4,988/yr on $92,816 cash to close. Return on cash invested measures 25.28% in year one, and rental yield registers 9.64% at a $279,987 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,355 by year five. Five-year ROI tracks 132.15% and total cumulative return in cash totals $122,657. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,250/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1932
0.30 Acres lot
$N/A/sqft
No HOA
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Listed by: Kadi Parrott • HOWARD HANNA REAL ESTATE SERVICES
Mls Name: WPMLS
Mls Provider:
Mls ID: #1693384
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