3002 Midland Dr, Erie, PA, 16506 | $433/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1560 sft

4911 Amy Ave, Erie, PA, 16504

3 Bed
2 Bath
1144 sft

3612 Bird Dr, Erie, PA, 16510

3 Bed
2 Bath
1393 sft

1884 E 2nd St, Erie, PA, 16511

3 Bed
3 Bath
1628 sft

4716 Baywood Dr, Erie, PA, 16509

Nearby investment properties with comparable prices

2 Bed
2 Bath
1428 sft

647 W Gore Rd, Erie, PA, 16509

4 Bed
2 Bath
2176 sft

9421 Old French Rd, Waterford, PA, 16441

3 Bed
1 Bath
1032 sft

706 Oakmont Ave, Erie, PA, 16505

3 Bed
2 Bath
1464 sft

1443 W 43rd St, Erie, PA, 16509

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Erie at 3002 Midland Dr, Erie, PA, 16506 uses $89,502 cash to close to unlock $5,199/yr annual cash flow and $433/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,321/mo payment keeps the spread at $433/mo. Purchase price stands at $269,990, and rental yield measures 9.79% with $2,202/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $74,593 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash records $120,382. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,321/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.37 Acres lot

$N/A/sqft

No HOA