2927 Haas Ave,Erie,PA,16505

Investment Highlights

Investment property for sale in Erie at 2927 Haas Ave, Erie, PA, 16505 offers a 9.58% rental yield on a $198,000 purchase with $1,581/mo rent. Total monthly income registers $1,581/mo, and a $969/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,404/yr on $65,637 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 131.15% and total cumulative return in cash at $86,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,581/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.