6369 Monarch CirEriePA16509
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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 6369 Monarch Cir, Erie, PA, 16509 priced at $398,000 converts $2,461/mo rent into after a $1,948/mo obligation. Total monthly income equals $2,461/mo. Return on cash invested prints 15.16% in year one, and rental yield reads 7.42% against a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation compiles into $109,960 by year five. Five-year ROI reaches 79.08% and total cumulative return in cash sums $104,340. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,461/mo property income covering a $1,948/mo payment, not borrower’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$375 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Donald Chandley • RE/MAX Real Estate Group East
Mls Name: GEMLS
Mls ID: #181177
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