730 Harmony DrEriePA16505
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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
Investment property for sale in Erie at 730 Harmony Dr, Erie, PA, 16505 offers a 8.31% rental yield on a $380,000 purchase with $2,632/mo rent. Total monthly income registers $2,632/mo, and a $1,860/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,516/yr on $125,970 to close, and return on cash invested stands at 21.11% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 109.84% and total cumulative return in cash at $138,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,632/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.33 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Lisa Rubino • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #186043
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.