4845 W Lake RdEriePA16505
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
Investment Highlights
Investment property for sale in Erie at 4845 W Lake Rd, Erie, PA, 16505 earns from $1,056/mo rent with a $2,080/mo payment. Total monthly income totals $1,056/mo. ROI tracks 5.18% on current figures, and rental yield reads 2.98% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 24.38% and total cumulative return in cash sums $34,349. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,056/mo property income instead of your personal income.
Multi Family
Built in 1974
0.50 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jake Scheloske • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #188088