4002 Harvard Rd,Erie,PA,16509

Investment Highlights

Rental property for sale in Erie at 4002 Harvard Rd, Erie, PA, 16509 generates $1,654/mo in rent and, after a $1,077/mo payment, leaves $212/mo in cash flow. Total monthly income is $1,654/mo, and annual cash flow is $2,546/yr on $72,930 invested. Return on cash invested sits at 23.4% in year one, and rental yield is 9.02% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 122.1% and total cumulative return in cash sums $89,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,654/mo property income rather than buyer’s personal income.