6057 Morning Glory Ct #1298EriePA16509
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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 6057 Morning Glory Ct #1298, Erie, PA, 16509 generates $1,326/mo in rent, after a $1,713/mo payment. Total monthly income is $1,326/mo. Return on cash invested sits at 9.9% in year one, and rental yield is 4.55% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 49.65% and total cumulative return in cash sums $57,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,326/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
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Listed by: Marsha Marsh • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #187432