3806 W Ridge RdEriePA16506
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 3806 W Ridge Rd, Erie, PA, 16506 in Erie. Rental yield 2.53%. At $650,000 with 2.53% gross yield, current distributions are modest, but the 5% appreciation rate projects $179,583 in new equity by year five, complemented by $5,987/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.47) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $61,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 7.8% |
| Monthly Cash Flow | $(2,888) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,372 |
| Total Monthly Debt Service | $4,001 |
| DSCR Ratio | 0.34x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1963
0.54 Acres lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1963
0.54 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Barbour • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #155349
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