1234 Banner CirErieCO80516
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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
Investment Highlights
Rental property for sale in Erie at 1234 Banner Cir, Erie, CO, 80516 priced at $734,900 converts $3,123/mo rent into after a $3,597/mo obligation. Total monthly income equals $3,123/mo. Return on cash invested prints 14.03% in year one, and rental yield reads 5.1% against a $734,900 entry. Equity gained on principal adds $4,742/yr, while 5% annual appreciation compiles into $203,039 by year five. Five-year ROI reaches 70.9% and total cumulative return in cash sums $171,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,123/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Single Family
Built in 2000
6,394 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80516, Erie, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,143 (100%) |
| Owner Occupied HU | 13,087 (86.4%) |
| Renter Occupied HU | 1,668 (11.0%) |
| Vacant Housing Units | 388 ( 2.6%) |
| Median Home Value | $734,692 |
| Average Home Value | $860,031 |
Housing Distribution
Address Breakdown
Residential
13,516
Single Family
13,002
Multi-Family
514
Businesses
687
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Nearby investment properties with comparable prices
Listed by: Sally Heldman • Heldman Real Estate
Mls Name: IRES
Mls Provider:
Mls ID: #1029743
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.