3744 Chapel Hill DrEriePA16506
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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 3744 Chapel Hill Dr, Erie, PA, 16506 priced at $174,900 pairs $1,369/mo rent with $107/mo cash flow after a $856/mo payment. Total monthly income equals $1,369/mo, and annual cash flow comes to $1,281/yr on $57,979 invested. Return on cash invested is 22.12% in year one, and rental yield stands at 9.39% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 116.07% and total cumulative return in cash reaches $67,296. For financing, Ziffy Mortgage’s DSCR program evaluates $1,369/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
1.21 Acres lot
$N/A/sqft
No HOA
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Listed by: Denise Caruana • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #181536
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.