4437 N Colonial PkwyEriePA16509
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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 4437 N Colonial Pkwy, Erie, PA, 16509 offers a 8.04% rental yield on a $340,000 purchase with $2,278/mo rent. Total monthly income registers $2,278/mo, and a $1,664/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $602/yr on $112,710 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 106.22% and total cumulative return in cash at $119,718. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,278/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Jennie Bone • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #184303
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