8700 Oriole DrEriePA16509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8700 Oriole Dr, Erie, PA, 16509 offers a 6.31% rental yield on a $424,000 purchase with $2,229/mo rent. 11% in year one. Equity gained on principal adds $2,736/yr while 5% annual appreciation supports $117,143 over five years. Portfolio math shows five-year ROI at 77.66% and total cumulative return in cash at $109,155. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,229/mo property income against a $2,075/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.35 Acres lot
$N/A/sqft
$150 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jillian Jensen • Howard Hanna Erie Airport
Mls Name: GEMLS
Mls ID: #183710
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.