5038 Hillsdale AveEriePA16509
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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 5038 Hillsdale Ave, Erie, PA, 16509 uses $64,620 cash to close to unlock $2,685/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $1,520/mo, and a $954/mo payment keeps the spread at $224/mo. Purchase price stands at $194,932, and rental yield measures 9.36% with $1,520/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $53,856 over five years. Five-year ROI reaches 125.72% and total cumulative return in cash records $81,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
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Listed by: Carol Dabrowski • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #181181
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