802 Oregon Ave,Erie,PA,16505

Investment Highlights

Rental property for sale in Erie at 802 Oregon Ave, Erie, PA, 16505 offers $1,784/mo rent that, after a $685/mo payment, leaves $867/mo cash flow. Total monthly income is $1,784/mo, and annual cash flow is $10,404/yr on $46,377 cash. Return on cash invested measures 42.34% in year one, and rental yield stands at 15.3% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 223.59% and total cumulative return in cash reaches $103,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,784/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.