6878 Mulligan CtEriePA16510
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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 6878 Mulligan Ct, Erie, PA, 16510 priced at $425,000 converts $2,899/mo rent into $96/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,899/mo, and annual cash flow totals $1,150/yr on $140,888 invested. Return on cash invested prints 20.73% in year one, and rental yield reads 8.19% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 107.74% and total cumulative return in cash sums $151,793. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,899/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2009
9,583 sqft lot
$N/A/sqft
$55 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16510, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 7,525 (72.9%) |
| Renter Occupied HU | 2,122 (20.6%) |
| Vacant Housing Units | 672 ( 6.5%) |
| Median Home Value | $178,348 |
| Average Home Value | $221,465 |
Housing Distribution
Address Breakdown
Residential
10,155
Single Family
9,639
Multi-Family
516
Businesses
433
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Listed by: Fred Amendola • Keller Williams Realty
Mls Name: GEMLS
Mls ID: #180285
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.