619 Hess Ave,Erie,PA,16503

Investment Highlights

Rental property for sale in Erie at 619 Hess Ave, Erie, PA, 16503 generates $1,384/mo in rent and, after a $514/mo payment, leaves $696/mo in cash flow. Total monthly income is $1,384/mo, and annual cash flow is $8,350/yr on $34,808 invested. Return on cash invested sits at 43.9% in year one, and rental yield is 15.82% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 231.96% and total cumulative return in cash sums $80,738. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,384/mo property income rather than buyer’s personal income.