4106 Cherry St,Erie,PA,16509

Investment Highlights

Investment property for sale in Erie at 4106 Cherry St, Erie, PA, 16509 offers a 8.65% rental yield on a $310,000 purchase with $2,234/mo rent. Total monthly income registers $2,234/mo, and a $1,517/mo payment leaves $203/mo available for distribution. Annual cash flow reaches $2,435/yr on $102,765 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 116.02% and total cumulative return in cash at $119,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,234/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.