5602 Langmore LnEriePA16505
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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 5602 Langmore Ln, Erie, PA, 16505 priced at $395,000 converts $2,706/mo rent into $8/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,706/mo, and annual cash flow totals $95/yr on $130,943 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 8.22% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 104.07% and total cumulative return in cash sums $136,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,706/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.82 Acres lot
$N/A/sqft
$400 annually HOA
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Listed by: Matthew Terella • Erie Shores Realty
Mls Name: GEMLS
Mls ID: #180341
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.