404 Pasadena DrEriePA16505
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. market with capital-preservation in mind will find 404 Pasadena Dr, Erie, PA, 16505 in Erie aligned with their strategy. Rental yield 7.39%. DSCR 1.40 and 7.39% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,813/yr in paydown build toward a projected cumulative return of $151,292.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 7.8% |
| Monthly Cash Flow | $(171) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,616 |
| Total Monthly Debt Service | $2,550 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1963
0.47 Acres lot
$N/A/sqft
$25 annually 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
Single Family
Built in 1963
0.47 Acres lot
$N/A/sqft
$25 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Coleman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #184238
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.