5350 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
Rental property for sale in Erie at 5350 Old French Rd, Erie, PA, 16509 generates $2,465/mo in rent and, after a $1,292/mo payment, leaves $735/mo in cash flow. Total monthly income is $2,465/mo, and annual cash flow is $8,822/yr on $87,516 invested. Return on cash invested sits at 29.99% in year one, and rental yield is 11.2% on a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 157.43% and total cumulative return in cash sums $137,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,465/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
2.18 Acres lot
$N/A/sqft
No HOA
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Listed by: Max Rankin • RE/MAX Lakeland Realty
Mls Name: GEMLS
Mls ID: #180801
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