2947 W 23rd St,Erie,PA,16506

Investment Highlights

Investment property for sale in Erie at 2947 W 23rd St, Erie, PA, 16506 offers a 10.08% rental yield on a $225,500 purchase with $1,894/mo rent. Total monthly income registers $1,894/mo, and a $1,104/mo payment leaves $416/mo available for distribution. Annual cash flow reaches $4,992/yr on $74,753 to close, and return on cash invested stands at 26.59% in year one. Equity gained on principal adds $1,455/yr while 5% annual appreciation supports $62,301 over five years. Portfolio math shows five-year ROI at 139.19% and total cumulative return in cash at $104,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,894/mo property income against a $1,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.