702 Ardmore AveEriePA16505
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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 702 Ardmore Ave, Erie, PA, 16505 priced at $211,050 pairs $1,974/mo rent with $585/mo cash flow after a $1,033/mo payment. Total monthly income equals $1,974/mo, and annual cash flow comes to $7,017/yr on $69,963 invested. Return on cash invested is 29.94% in year one, and rental yield stands at 11.22% on a $211,050 basis. Equity gained on principal adds $1,362/yr, and 5% annual appreciation accumulates to $58,309 by year five. Five-year ROI measures 157.16% and total cumulative return in cash reaches $109,953. For financing, Ziffy Mortgage’s DSCR program evaluates $1,974/mo property income against a $1,033/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
6,969 sqft lot
$N/A/sqft
$75 annually HOA
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Nearby investment properties with comparable prices
Listed by: Jenna Ramsey • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #183611
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