311 Clifton DrEriePA16505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 311 Clifton Dr, Erie, PA, 16505 priced at $255,000 pairs $2,166/mo rent with $495/mo cash flow after a $1,248/mo payment. Total monthly income equals $2,166/mo, and annual cash flow comes to $5,941/yr on $84,533 invested. Return on cash invested is 26.94% in year one, and rental yield stands at 10.19% on a $255,000 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,452 by year five. Five-year ROI measures 141.06% and total cumulative return in cash reaches $119,240. For financing, Ziffy Mortgage’s DSCR program evaluates $2,166/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.52 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TJ Quinn • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #187071
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.