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3515 Pacific Ave, Erie, PA 16506

3 beds • 2 baths • 1333 sqft

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This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $51,051 initial cash invested.

-8.58%

Cash On Cash

4.84%

Cap Rate

0.78

DSCR

$1,617

Rent

-$365

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

$51,051

Downpayment

20%

$48,620

Closing costs

1%

$2,431

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,617

Total Expenses

$1,982

Mortgage P&I

78%

$1,265

Property Taxes

13%

$212

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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