3220 Oakwood StEriePA16508
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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 3220 Oakwood St, Erie, PA, 16508 earns $243/mo cash flow from $1,461/mo rent with a $857/mo payment. Total monthly income totals $1,461/mo, and annual cash flow totals $2,913/yr on $58,013 capital. ROI tracks 24.93% on current figures, and rental yield reads 10.02% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 130.8% and total cumulative return in cash sums $75,883. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,461/mo property income instead of your personal income.
Single Family
Built in 1944
5,641 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16508, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,921 (100%) |
| Owner Occupied HU | 4,354 (62.9%) |
| Renter Occupied HU | 1,997 (28.9%) |
| Vacant Housing Units | 570 ( 8.2%) |
| Median Home Value | $130,047 |
| Average Home Value | $187,683 |
Housing Distribution
Address Breakdown
Residential
6,931
Single Family
6,764
Multi-Family
167
Businesses
601
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Listed by: Lori Rosenbaum • Howard Hanna Erie Southwest
Mls Name: GEMLS
Mls ID: #188715
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.