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3515 Pacific Ave, Erie, PA 16506

3 beds • 2 baths • 1333 sqft

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This property might be a fair Mid-Term investment with a projected 0.7% first-year return on $69,051 initial cash invested.

0.7%

Cash On Cash

6.92%

Cap Rate

1.11

DSCR

$2,426

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,051

Downpayment

20%

$48,620

Closing costs

1%

$2,431

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,426

Total Expenses

$2,386

Mortgage P&I

52%

$1,265

Property Taxes

9%

$212

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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