4509 S Park LnEriePA16506
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 4509 S Park Ln, Erie, PA, 16506 in Erie speaks for itself: 14.42% gross on a $124,900 price, generating $1,501/mo in rent and $683/mo in net income after the $562/mo debt service. DSCR 2.67, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,191 stacks alongside $34,508 in projected five-year appreciation and $1,150/yr in principal reduction. Projected total cumulative return: $91,462.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.8% |
| Monthly Cash Flow | $683 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,501 |
| Total Monthly Debt Service | $769 |
| DSCR Ratio | 1.95x |
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.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trevor Thompson • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #189217