4813 Grouse Hollow DrEriePA16504
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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
Rental property for sale in Erie at 4813 Grouse Hollow Dr, Erie, PA, 16504 priced at $464,900 converts $3,457/mo rent into $411/mo cash flow after a $2,275/mo obligation. Total monthly income equals $3,457/mo, and annual cash flow totals $4,932/yr on $154,114 invested. Return on cash invested prints 23.11% in year one, and rental yield reads 8.92% against a $464,900 entry. Equity gained on principal adds $3,000/yr, while 5% annual appreciation compiles into $128,443 by year five. Five-year ROI reaches 120.51% and total cumulative return in cash sums $185,716. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,457/mo property income covering a $2,275/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 16504, Erie, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,866 (100%) |
| Owner Occupied HU | 4,241 (61.8%) |
| Renter Occupied HU | 2,060 (30.0%) |
| Vacant Housing Units | 565 ( 8.2%) |
| Median Home Value | $111,232 |
| Average Home Value | $181,587 |
Housing Distribution
Address Breakdown
Residential
6,589
Single Family
6,038
Multi-Family
551
Businesses
196
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Listed by: Dom Sanfilippo • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #172630
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.