1429 Nicholson St,Erie,PA,16509

Investment Highlights

Investment property for sale in Erie at 1429 Nicholson St, Erie, PA, 16509 listed at $295,000 pairs $1,621/mo rent with a $1,444/mo payment. Total monthly income runs $1,621/mo. Return on cash invested measures 16.08% in year one, and rental yield registers 6.59% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 82.77% and total cumulative return in cash totals $80,942. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,621/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).