2818 Evanston Ave,Erie,PA,16506

Investment Highlights

Investment property for sale in Erie at 2818 Evanston Ave, Erie, PA, 16506 offers a 11.44% rental yield on a $239,900 purchase with $2,287/mo rent. Total monthly income registers $2,287/mo, and a $1,174/mo payment leaves $715/mo available for distribution. Annual cash flow reaches $8,582/yr on $79,527 to close, and return on cash invested stands at 30.7% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 161.24% and total cumulative return in cash at $128,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,287/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.