611 Beverly DrEriePA16505
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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 611 Beverly Dr, Erie, PA, 16505 uses $72,897 cash to close to unlock $14,774/yr annual cash flow and $1,231/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,076/mo payment keeps the spread at $1,231/mo. Purchase price stands at $219,900, and rental yield measures 15.06% with $2,760/mo rent. Return on cash invested shows 40.18% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 212.59% and total cumulative return in cash records $154,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,662 sqft lot
$N/A/sqft
No HOA
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Listed by: Jennifer Nelson • Coldwell Banker Select - Peach
Mls Name: GEMLS
Mls ID: #178252
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