4101 Ridgewood 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
Investment property for sale in Erie at 4101 Ridgewood Dr, Erie, PA, 16506 with 5% annual appreciation on a $329,900 basis while $2,303/mo rent supports operations. Total monthly income totals $2,303/mo and a $1,615/mo payment preserves $138/mo for cash returns. Annual cash flow comes to $1,661/yr on $109,362 deployed, and return on cash invested reaches 21.43% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 8.38%. Five-year ROI measures 111.5% and total cumulative return in cash totals $121,935.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,303/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
0.31 Acres lot
$N/A/sqft
No HOA
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Listed by: Matthew Froehlich • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #181069
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