510 Strathmore Ave,Erie,PA,16505

Investment Highlights

Investment property for sale in Erie at 510 Strathmore Ave, Erie, PA, 16505 listed at $234,900 pairs $2,106/mo rent with a $1,150/mo payment to leave $566/mo cash flow. Total monthly income runs $2,106/mo, and annual cash flow reaches $6,797/yr on $77,869 cash to close. Return on cash invested measures 28.64% in year one, and rental yield registers 10.76% at a $234,900 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,899 by year five. Five-year ROI tracks 150.17% and total cumulative return in cash totals $116,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).