8375 Hamot RdEriePA16509
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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 8375 Hamot Rd, Erie, PA, 16509 offers $2,274/mo rent that, after a $1,615/mo payment, leaves $112/mo cash flow. Total monthly income is $2,274/mo, and annual cash flow is $1,343/yr on $109,362 cash. Return on cash invested measures 21.14% in year one, and rental yield stands at 8.27% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 109.9% and total cumulative return in cash reaches $120,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,274/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1.10 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Stephanie Montgomery • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #183537
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