3706 Harbor Ridge TrlEriePA16510
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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 3706 Harbor Ridge Trl, Erie, PA, 16510 priced at $459,000 converts $2,870/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,870/mo. Return on cash invested prints 18.78% in year one, and rental yield reads 7.5% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 97.3% and total cumulative return in cash sums $148,055. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,870/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.43 Acres lot
$N/A/sqft
$55 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Mary Smrekar • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #183921
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.