1262 Penner DriveErieCO80026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1262 Penner Drive, Erie, CO, 80026 priced at $574,950 converts $3,654/mo rent into $134/mo cash flow after a $2,814/mo obligation. Total monthly income equals $3,654/mo, and annual cash flow totals $1,613/yr on $189,159 invested. Return on cash invested prints 20.91% in year one, and rental yield reads 7.63% against a $574,950 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,848 by year five. Five-year ROI reaches 108.11% and total cumulative return in cash sums $204,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,654/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2,613 sqft lot
$N/A/sqft
$507 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80026, Lafayette, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,619 (100%) |
| Owner Occupied HU | 9,297 (63.6%) |
| Renter Occupied HU | 4,895 (33.5%) |
| Vacant Housing Units | 427 ( 2.9%) |
| Median Home Value | $784,299 |
| Average Home Value | $831,890 |
Housing Distribution
Address Breakdown
Residential
14,269
Single Family
12,382
Multi-Family
1,887
Businesses
1,230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Tonge • Richmond Realty Inc
Mls Name: REcolorado
Mls Provider:
Mls ID: #3398222
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)