4545 Southern Dr,Erie,PA,16506

Investment Highlights

Rental property for sale in Erie at 4545 Southern Dr, Erie, PA, 16506 generates $1,898/mo in rent and, after a $1,076/mo payment, leaves $457/mo in cash flow. Total monthly income is $1,898/mo, and annual cash flow is $5,488/yr on $72,897 invested. Return on cash invested sits at 27.44% in year one, and rental yield is 10.36% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 143.71% and total cumulative return in cash sums $104,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,898/mo property income rather than buyer’s personal income.