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Home Type: Single Family
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$349,900  
3 bds • 2 ba • 1506 sqft
2830 Cardinal Dr, Erie, PA, 16509
8.6%
Gross Yield
22.0%
ROI
$2,511 /m
Est. Rent
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NMLS #2625701
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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
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Investment Highlights

Investment property for sale in Erie at 2830 Cardinal Dr, Erie, PA, 16509 earns $218/mo cash flow from $2,511/mo rent with a $1,713/mo payment. Total monthly income totals $2,511/mo, and annual cash flow totals $2,613/yr on $115,992 capital. ROI tracks 22.16% on current figures, and rental yield reads 8.61% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 115.4% and total cumulative return in cash sums $133,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,511/mo property income instead of your personal income.

Condo

Built in 2016

N/A lot

$N/A/sqft

No HOA

More details about the property

Incredible newer patio home built in 2016 in the highly sought-after Valley View Farms subdivision in Summit Township. Enjoy low-maintenance living in a friendly neighborhood with a large community green space, walking trails, and sidewalks- perfect for getting your steps in or walking your pups. Located in the highly rated Ft. LeBoeuf School District, this home offers easy one-floor living with first-floor laundry, three bedrooms including a spacious primary suite featuring dual closets, a soaking tub, and a separate shower. The vaulted great room is the centerpiece of the home, with a stunning kitchen featuring a large island that opens to the dining and living areas and a cozy gas fireplace. The clean, dry basement offers tall ceilings, an egress window, and tons of potential for finishing. This home is ideal for anyone looking to simplify life without sacrificing style or space.

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MLO
MLO
MLO
Powered by
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NMLS #2625701
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Facts & Features

General Information

  • Type: Condo
  • Year Built: 2016
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Attached, Garage Door Opener

Location

  • City: N/A
  • Subdivision: N/A
  • Lot Size: N/A
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Leslie Jaglowski • RE/MAX Real Estate Group Erie 

Mls Name: GEMLS

Mls ID: #188729

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