4623 Covert CirEriePA16509
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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
Rental property for sale in Erie at 4623 Covert Cir, Erie, PA, 16509 generates $2,374/mo in rent and, after a $1,769/mo payment, leaves $6/mo in cash flow. Total monthly income is $2,374/mo, and annual cash flow is $66/yr on $119,837 invested. Return on cash invested sits at 19.96% in year one, and rental yield is 7.88% on a $361,500 entry. Equity gained on principal adds $2,333/yr, while 5% annual appreciation builds toward $99,876 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash sums $124,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.66 Acres lot
$N/A/sqft
No HOA
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Listed by: Jennie Bone • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #184000
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