6380 Meadowland CirEriePA16509
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable and efficiently structured, 6380 Meadowland Cir, Erie, PA, 16509 in Erie is a conservative rental investment at $331,100. Rental yield 8.2%. A 1.47 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $91,477; $3,049/yr in principal paydown supplements. Total projected return: $103,493.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.8% |
| Monthly Cash Flow | $(304) | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,187 |
| Total Monthly Debt Service | $2,433 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2004
N/A lot
$N/A/sqft
$395 monthly 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
Condo
Built in 2004
N/A lot
$N/A/sqft
$395 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Denise Caruana • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #187105
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