1133 E 8th St,Erie,PA,16503

Investment Highlights

Rental property for sale in Erie at 1133 E 8th St, Erie, PA, 16503 generates $1,025/mo in rent and, after a $587/mo payment, leaves $239/mo in cash flow. Total monthly income is $1,025/mo, and annual cash flow is $2,868/yr on $39,780 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 10.25% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 141.95% and total cumulative return in cash sums $56,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,025/mo property income rather than buyer’s personal income.