2845 W 31st St,Erie,PA,16506

Investment Highlights

Investment property for sale in Erie at 2845 W 31st St, Erie, PA, 16506 earns $667/mo cash flow from $2,108/mo rent with a $1,076/mo payment. Total monthly income totals $2,108/mo, and annual cash flow totals $8,008/yr on $72,897 capital. ROI tracks 30.89% on current figures, and rental yield reads 11.5% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 162.27% and total cumulative return in cash sums $118,288. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,108/mo property income instead of your personal income.