2015 Berkshire Ln,Erie,PA,16509

Investment Highlights

Rental property for sale in Erie at 2015 Berkshire Ln, Erie, PA, 16509 generates $2,522/mo in rent and, after a $1,419/mo payment, leaves $622/mo in cash flow. Total monthly income is $2,522/mo, and annual cash flow is $7,467/yr on $96,102 invested. Return on cash invested sits at 27.68% in year one, and rental yield is 10.44% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 145.02% and total cumulative return in cash sums $139,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,522/mo property income rather than buyer’s personal income.