3216 Tamarack Dr,Erie,PA,16506

Investment Highlights

Investment property for sale in Erie at 3216 Tamarack Dr, Erie, PA, 16506 listed at $236,000 pairs $1,560/mo rent with a $1,155/mo payment to leave $14/mo cash flow. Total monthly income runs $1,560/mo, and annual cash flow reaches $164/yr on $78,234 cash to close. Return on cash invested measures 20.12% in year one, and rental yield registers 7.93% at a $236,000 basis. Equity gained on principal adds $1,523/yr, and annual property appreciation at 5% supports $65,202 by year five. Five-year ROI tracks 104.46% and total cumulative return in cash totals $81,726. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $1,155/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).