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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 251 Wolf Point Dr, Erie, PA, 16505 earns from $2,769/mo rent with a $3,402/mo payment. Total monthly income totals $2,769/mo. ROI tracks 10.69% on current figures, and rental yield reads 4.78% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 53.85% and total cumulative return in cash sums $123,138. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,769/mo property income instead of your personal income.
Single Family
Built in 1985
1.09 Acres lot
$N/A/sqft
No HOA
More details about the property
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1985
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 1.09 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Heather McBrier • Coldwell Banker Select - Airport
Mls Name: GEMLS
Mls ID: #188744