6149 Glen Eagles DrEriePA16509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6149 Glen Eagles Dr, Erie, PA, 16509 offers $2,213/mo rent that, after a $1,174/mo payment, leaves $519/mo cash flow. Total monthly income is $2,213/mo, and annual cash flow is $6,230/yr on $79,527 cash. Return on cash invested measures 27.74% in year one, and rental yield stands at 11.07% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 146.04% and total cumulative return in cash reaches $116,143. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,213/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
3,872 sqft lot
$N/A/sqft
$122 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tama Samol • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #182035
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.