4871 S Wayside DrEriePA16505
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play4871 S Wayside Dr, Erie, PA, 16505 in Erie is priced for appreciation, not yield. Rental yield 5.76%. At $599,900 with a 5.76% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $165,741 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.07) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $160,260.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 7.8% |
| Monthly Cash Flow | $(1,059) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,881 |
| Total Monthly Debt Service | $3,702 |
| DSCR Ratio | 0.78x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2013
0.27 Acres lot
$N/A/sqft
$110 annually 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
Single Family
Built in 2013
0.27 Acres lot
$N/A/sqft
$110 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Johnson • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #185937
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