3948 Cherry St, Erie, PA, 16509 | $617/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erie at 3948 Cherry St, Erie, PA, 16509 uses $65,471 cash to close to unlock $7,410/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $1,912/mo, and a $967/mo payment keeps the spread at $617/mo. Purchase price stands at $197,500, and rental yield measures 11.62% with $1,912/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 164.05% and total cumulative return in cash records $107,403. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $967/mo payment rather than investor’s personal income.

Single Family

Built in 1946

7,492 sqft lot

$N/A/sqft

No HOA