3864 Cherry StEriePA16509
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Erie at 3864 Cherry St, Erie, PA, 16509 offers a 12.32% rental yield on a $228,650 purchase with $2,347/mo rent. Total monthly income registers $2,347/mo, and a $1,119/mo payment leaves $802/mo available for distribution. Annual cash flow reaches $9,621/yr on $75,797 to close, and return on cash invested stands at 32.6% in year one. Equity gained on principal adds $1,475/yr while 5% annual appreciation supports $63,172 over five years. Portfolio math shows five-year ROI at 171.65% and total cumulative return in cash at $130,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,347/mo property income against a $1,119/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.27 Acres lot
$N/A/sqft
No HOA
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Listed by: Haley Hartleb • Marsha Marsh RES Peach
Mls Name: GEMLS
Mls ID: #184145
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