304 Mohawk DrEriePA16505
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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 304 Mohawk Dr, Erie, PA, 16505 priced at $419,900 converts $1,836/mo rent into after a $2,055/mo obligation. Total monthly income equals $1,836/mo. Return on cash invested prints 11.96% in year one, and rental yield reads 5.25% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 60.75% and total cumulative return in cash sums $84,564. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,836/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,801 sqft lot
$N/A/sqft
$75 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandra Jarecki • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #183915
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