322 Greenhurst Dr,Erie,PA,16509

Investment Highlights

Investment property for sale in Erie at 322 Greenhurst Dr, Erie, PA, 16509 offers a 8.43% rental yield on a $315,000 purchase with $2,214/mo rent. Total monthly income registers $2,214/mo, and a $1,542/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,795/yr on $104,423 to close, and return on cash invested stands at 21.63% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 112.56% and total cumulative return in cash at $117,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,214/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.