5302 Mill StEriePA16509
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 5302 Mill St, Erie, PA, 16509 in Erie. Priced at $365,000, it generates $3,072/mo in gross rent and $680/mo in net monthly cash flow, a 10.1% yield that comfortably supports the 1.78 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,163. Five-year appreciation: $100,843. Equity from principal paydown: $3,060/yr. Total projected cumulative return: $175,921.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.8% |
| Monthly Cash Flow | $680 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,072 |
| Total Monthly Debt Service | $2,336 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1987
0.28 Acres lot
$N/A/sqft
No HOA
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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
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Listed by: John Wolf • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #187520
