702 Ardmore AveEriePA16505
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 702 Ardmore Ave, Erie, PA, 16505 in Erie. Priced at $211,050, it generates $1,974/mo in gross rent and $700/mo in net monthly cash flow, a 12.47% yield that comfortably supports the 2.08 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,399. Five-year appreciation: $58,309. Equity from principal paydown: $1,944/yr. Total projected cumulative return: $118,035.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 7.8% |
| Monthly Cash Flow | $700 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,974 |
| Total Monthly Debt Service | $1,305 |
| DSCR Ratio | 1.51x |
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 1947
6,969 sqft lot
$N/A/sqft
$75 annually 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 1947
6,969 sqft lot
$N/A/sqft
$75 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jenna Ramsey • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #183611
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.