228 Cherokee Dr, Erie, PA, 16505 | $822/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Erie at 228 Cherokee Dr, Erie, PA, 16505 priced at $335,000 converts $3,018/mo rent into $822/mo cash flow after a $1,640/mo obligation. Total monthly income equals $3,018/mo, and annual cash flow totals $9,870/yr on $111,053 invested. Return on cash invested prints 28.8% in year one, and rental yield reads 10.81% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 151% and total cumulative return in cash sums $167,684. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,018/mo property income covering a $1,640/mo payment, not borrower’s personal income.

Single Family

Built in 1936

10,497 sqft lot

$N/A/sqft

No HOA