638 Zephyr AveEriePA16505
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 638 Zephyr Ave, Erie, PA, 16505 in Erie earns a 9.67% gross yield at $199,999. Rent of $1,612/mo nets $301/mo after the $899/mo mortgage. The 1.79 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $55,256 and $1,842/yr in equity accumulation project a total cumulative return of $95,602.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.8% |
| Monthly Cash Flow | $301 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,612 |
| Total Monthly Debt Service | $1,231 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
7,501 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1961
7,501 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Dabrowski • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #187317