2506 Loveland Ave,Erie,PA,16506

Investment Highlights

Investment property for sale in Erie at 2506 Loveland Ave, Erie, PA, 16506 listed at $104,900 pairs $1,645/mo rent with a $513/mo payment to leave $958/mo cash flow. Total monthly income runs $1,645/mo, and annual cash flow reaches $11,496/yr on $34,774 cash to close. Return on cash invested measures 52.97% in year one, and rental yield registers 18.82% at a $104,900 basis. Equity gained on principal adds $677/yr, and annual property appreciation at 5% supports $28,982 by year five. Five-year ROI tracks 280.78% and total cumulative return in cash totals $97,638. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,645/mo property income relative to a $513/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).