1003 Grant Ave, Erie, PA, 16505 | $138/mo Cash Flow

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erie at 1003 Grant Ave, Erie, PA, 16505 uses $84,168 cash to close to unlock $1,655/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $1,802/mo, and a $1,243/mo payment keeps the spread at $138/mo. Purchase price stands at $253,900, and rental yield measures 8.52% with $1,802/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $70,148 over five years. Five-year ROI reaches 113.86% and total cumulative return in cash records $95,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,802/mo property income covering a $1,243/mo payment rather than investor’s personal income.

Single Family

Built in 1947

7,679 sqft lot

$N/A/sqft

No HOA