5044 E Oak Ridge Cir #702EriePA16509
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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 5044 E Oak Ridge Cir #702, Erie, PA, 16509 listed at $224,900 pairs $1,326/mo rent with a $1,101/mo payment. Total monthly income runs $1,326/mo. Return on cash invested measures 17.53% in year one, and rental yield registers 7.08% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 90.6% and total cumulative return in cash totals $67,549. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,326/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
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Listed by: Stephanie Montgomery • Coldwell Banker Select - Airpo
Mls Name: GEMLS
Mls ID: #187429