122 Oak Tree CtEriePA16511
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 122 Oak Tree Ct, Erie, PA, 16511 at $459,900 posts ROI 17.61% with from $2,722/mo rent. Total monthly income equals $2,722/mo. Return on cash invested measures 17.61% and rental yield reads 7.1% at the current $459,900. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 by year five. Five-year ROI prints 91.03% and total cumulative return in cash totals $138,774. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,722/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1993
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16511, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,888 (100%) |
| Owner Occupied HU | 3,105 (63.5%) |
| Renter Occupied HU | 1,440 (29.5%) |
| Vacant Housing Units | 343 ( 7.0%) |
| Median Home Value | $196,274 |
| Average Home Value | $227,448 |
Housing Distribution
Address Breakdown
Residential
4,845
Single Family
4,529
Multi-Family
316
Businesses
190
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Montgomery • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #185998