6008 Glen Eagles 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
Rental property for sale in Erie at 6008 Glen Eagles Dr, Erie, PA, 16509 generates $1,799/mo in rent and, after a $1,104/mo payment, leaves $305/mo in cash flow. Total monthly income is $1,799/mo, and annual cash flow is $3,656/yr on $74,761 invested. Return on cash invested sits at 24.8% in year one, and rental yield is 9.57% on a $225,522 entry. Equity gained on principal adds $1,455/yr, while 5% annual appreciation builds toward $62,308 over five years. Five-year ROI reaches 129.65% and total cumulative return in cash sums $96,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,799/mo property income rather than buyer’s personal income.
Condo
Built in 2006
5,331 sqft 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: #184545
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.