1557 W 40th St,Erie,PA,16509

Investment Highlights

Investment property for sale in Erie at 1557 W 40th St, Erie, PA, 16509 listed at $160,000 pairs $1,385/mo rent with a $783/mo payment to leave $337/mo cash flow. Total monthly income runs $1,385/mo, and annual cash flow reaches $4,040/yr on $53,040 cash to close. Return on cash invested measures 27.53% in year one, and rental yield registers 10.39% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 144.19% and total cumulative return in cash totals $76,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,385/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).