4008 Melrose Ave, Erie, PA, 16509 | $738/mo Cash Flow

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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

Rental property for sale in Erie at 4008 Melrose Ave, Erie, PA, 16509 generates $2,147/mo in rent and, after a $1,052/mo payment, leaves $738/mo in cash flow. Total monthly income is $2,147/mo, and annual cash flow is $8,862/yr on $71,273 invested. Return on cash invested sits at 32.34% in year one, and rental yield is 11.98% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 170.02% and total cumulative return in cash sums $121,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,147/mo property income rather than buyer’s personal income.

Single Family

Built in 1961

5,623 sqft lot

$N/A/sqft

No HOA