3501 W Lake Rd, Erie, PA, 16505 | 3.39% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erie at 3501 W Lake Rd, Erie, PA, 16505 earns from $904/mo rent with a $1,566/mo payment. Total monthly income totals $904/mo. ROI tracks 6.42% on current figures, and rental yield reads 3.39% at a $320,000 purchase. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 over five years. Five-year ROI reaches 30.99% and total cumulative return in cash sums $32,871. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $904/mo property income instead of your personal income.

Multi Family

Built in 1948

9,038 sqft lot

$N/A/sqft

No HOA