631 Parade St, Erie, PA, 16503 | $234/mo Cash Flow

For Sale

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 631 Parade St, Erie, PA, 16503 priced at $149,900 converts $1,217/mo rent into $234/mo cash flow after a $734/mo obligation. Total monthly income equals $1,217/mo, and annual cash flow totals $2,813/yr on $49,692 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.74% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 133.76% and total cumulative return in cash sums $66,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,217/mo property income covering a $734/mo payment, not borrower’s personal income.

Multi Family

Built in 1902

3,920 sqft lot

$N/A/sqft

No HOA