6031 Schultz 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 6031 Schultz Rd, Erie, PA, 16509 priced at $729,900 converts $1,800/mo rent into after a $3,573/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 5.16% in year one, and rental yield reads 2.96% against a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation compiles into $201,658 by year five. Five-year ROI reaches 24.18% and total cumulative return in cash sums $58,075. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $3,573/mo payment, not borrower’s personal income.
Single Family
Built in 1976
6.88 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Stephanie Montgomery • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #188145