4461 S Park LnEriePA16506
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 4461 S Park Ln, Erie, PA, 16506 in Erie is the 1.58 coverage ratio: rent of $989/mo versus a $625/mo debt payment on a $131,900 property. Rental yield 9%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $36,442 by year five, with $1,106/yr in equity from paydown. Total projected cumulative return: $43,650.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.8% |
| Monthly Cash Flow | $(78) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $989 |
| Total Monthly Debt Service | $1,047 |
| DSCR Ratio | 0.94x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
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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
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Listed by: Sue Weber • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #193634
