4002 Westminster BlvdEriePA16506
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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 4002 Westminster Blvd, Erie, PA, 16506 offers $2,912/mo rent that, after a $1,468/mo payment, leaves $947/mo cash flow. Total monthly income is $2,912/mo, and annual cash flow is $11,360/yr on $99,417 cash. Return on cash invested measures 31.34% in year one, and rental yield stands at 11.65% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 164.61% and total cumulative return in cash reaches $163,648. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,912/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Michael Palmer • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #181997
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