311 Presque Isle Blvd APT 202EriePA16505
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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 311 Presque Isle Blvd APT 202, Erie, PA, 16505 listed at $134,000 pairs $1,319/mo rent with a $656/mo payment to leave $246/mo cash flow. Total monthly income runs $1,319/mo, and annual cash flow reaches $2,949/yr on $44,421 cash to close. Return on cash invested measures 26.55% in year one, and rental yield registers 11.81% at a $134,000 basis. Equity gained on principal adds $865/yr, and annual property appreciation at 5% supports $37,022 by year five. Five-year ROI tracks 140.85% and total cumulative return in cash totals $62,567. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,319/mo property income relative to a $656/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
N/A lot
$N/A/sqft
$195 monthly HOA
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Listed by: Stacey Santos • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #183823
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