720 Mineo Dr,Erie,PA,16509

Investment Highlights

Rental property for sale in Erie at 720 Mineo Dr, Erie, PA, 16509 generates $2,320/mo in rent and, after a $1,640/mo payment, leaves $124/mo in cash flow. Total monthly income is $2,320/mo, and annual cash flow is $1,494/yr on $111,053 invested. Return on cash invested sits at 21.25% in year one, and rental yield is 8.31% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.54% and total cumulative return in cash sums $122,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,320/mo property income rather than buyer’s personal income.