Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 6605 Meadowland Cir, Erie, PA, 16509 at $349,900 posts ROI 30.96% with $1,068/mo cash flow from $3,736/mo rent. Total monthly income equals $3,736/mo, and annual cash flow records $12,813/yr on $115,992 to close. Return on cash invested measures 30.96% and rental yield reads 12.81% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 163.96% and total cumulative return in cash totals $190,182.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,736/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2002
N/A lot
$N/A/sqft
$375 monthly HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-01 | Listed for sale | $349,900 |
| 2008-05-15 | Listing removed | $214,900 |
| 2008-04-05 | Listed for sale | $214,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-13 | $3571.25 | 2.74% | $179,550 | N/A |
| 2022-09-13 | $3476.09 | N/A | $179,550 | N/A |
| 2021-09-13 | $3476.09 | 207.30% | $179,550 | N/A |
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: Condo
- Year Built: 2002
- Architectural Style: One Story
- Building Area: 1,667
- Living Area: 1,667 sqft
- Property Condition: Good Condition,Resale
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: Laminate, Tile
- Interior Features: N/A
- Exterior Features: Deck, Porch, Patio
- Parking Features: Attached, Garage Door Opener
Location
- City: Erie
- Subdivision: The Meadows
- Lot Size: N/A
- Lot Features: Level
- View: N/A
HOA & Fees
- HOA Fee: $375 monthly
- Association Fee: $375 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Shannon Kincade • RE/MAX Real Estate Group Erie
Mls Name: GEMLS
Mls ID: #178592
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.