1914 Ottawa 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 1914 Ottawa Dr, Erie, PA, 16505 at $184,900 posts ROI 24.77% with $248/mo cash flow from $1,460/mo rent. Total monthly income equals $1,460/mo, and annual cash flow records $2,981/yr on $61,294 to close. Return on cash invested measures 24.77% and rental yield reads 9.48% at the current $184,900. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 by year five. Five-year ROI prints 129.44% and total cumulative return in cash totals $79,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,460/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
4,673 sqft lot
$N/A/sqft
No HOA
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Listed by: Brian Eastman • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #182203
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.