5667 Gardner DrEriePA16509
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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 5667 Gardner Dr, Erie, PA, 16509 offers a 13.12% rental yield on a $165,000 purchase with $1,804/mo rent. Total monthly income registers $1,804/mo, and a $808/mo payment leaves $697/mo available for distribution. Annual cash flow reaches $8,360/yr on $54,698 to close, and return on cash invested stands at 35.19% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 185.49% and total cumulative return in cash at $101,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,804/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
9,077 sqft lot
$N/A/sqft
No HOA
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Listed by: JP Hood • eXp Realty - Erie
Mls Name: GEMLS
Mls ID: #187176
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