1009 Montpelier Ave,Erie,PA,16505

Investment Highlights

Investment property for sale in Erie at 1009 Montpelier Ave, Erie, PA, 16505 offers a 8.87% rental yield on a $329,900 purchase with $2,438/mo rent. Total monthly income registers $2,438/mo, and a $1,615/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,311/yr on $109,362 to close, and return on cash invested stands at 22.94% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 119.55% and total cumulative return in cash at $130,743. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,438/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.