4736-38-42 Old French RdEriePA16509
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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 4736-38-42 Old French Rd, Erie, PA, 16509 uses $49,394 cash to close to unlock $6,647/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $729/mo payment keeps the spread at $554/mo. Purchase price stands at $149,000, and rental yield measures 12.32% with $1,530/mo rent. Return on cash invested shows 33.37% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 175.49% and total cumulative return in cash records $86,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $729/mo payment rather than investor’s personal income.
Multi Family
Built in 1994
0.45 Acres lot
$N/A/sqft
No HOA
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Listed by: William Bucceri • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #183937
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