1323 Lowell Ave,Erie,PA,16505

Investment Highlights

Investment property for sale in Erie at 1323 Lowell Ave, Erie, PA, 16505 uses $56,322 cash to close to unlock $3,783/yr annual cash flow and $315/mo monthly cash flow. Total monthly income runs $1,429/mo, and a $832/mo payment keeps the spread at $315/mo. Purchase price stands at $169,900, and rental yield measures 10.09% with $1,429/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash records $78,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,429/mo property income covering a $832/mo payment rather than investor’s personal income.