6129 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
Investment property for sale in Erie at 6129 Glen Eagles Dr, Erie, PA, 16509 uses $76,212 cash to close to unlock $1,390/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,786/mo, and a $1,125/mo payment keeps the spread at $116/mo. Purchase price stands at $229,900, and rental yield measures 9.32% with $1,786/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 114.03% and total cumulative return in cash records $86,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,786/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Condo
Built in 2006
3,645 sqft lot
$N/A/sqft
$153 monthly HOA
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Listed by: Thomas Necastro • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #184512
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