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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 7209 Fieldstone Ct, Erie, PA, 16509 priced at $399,000 converts $3,046/mo rent into $181/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $2,176/yr on $132,269 invested. Return on cash invested prints 21.55% in year one, and rental yield reads 9.16% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 112.98% and total cumulative return in cash sums $149,438. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 2016
N/A lot
$N/A/sqft
$250 monthly HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $399,000 |
| 2017-04-25 | Sold | $254,320 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $4859.13 | 2.74% | $244,300 | N/A |
| 2022-03-13 | $4729.65 | N/A | $244,300 | N/A |
| 2021-03-13 | $4729.65 | 207.30% | $244,300 | 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: 2016
- Architectural Style: One Story
- Building Area: 1,805
- Living Area: 1,805 sqft
- Property Condition: Excellent
Features & Amenities
- Heating: Forced Air, Gas
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile, Tile
- Interior Features: Window Treatments
- Exterior Features: Deck
- Parking Features: Attached
Location
- City: Erie
- Subdivision: Countryside
- Lot Size: N/A
- Lot Features: Landscaped
- View: N/A
HOA & Fees
- HOA Fee: $250 monthly
- Association Fee: $250 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Insurance, Maintenance Grounds, Maintenance Structure, Street Lights, Snow Removal
Utilities
- Utilities: Natural Gas Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Nanci Lorei • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #181895
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