706 Oakmont Ave,Erie,PA,16505

Investment Highlights

Investment property for sale in Erie at 706 Oakmont Ave, Erie, PA, 16505 offers a 8.53% rental yield on a $229,900 purchase with $1,634/mo rent. Total monthly income registers $1,634/mo, and a $1,125/mo payment leaves $128/mo available for distribution. Annual cash flow reaches $1,533/yr on $76,212 to close, and return on cash invested stands at 21.92% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 114.11% and total cumulative return in cash at $86,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,634/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.