1334 Penner DriveErieCO80026
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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
Investment property for sale in Erie at 1334 Penner Drive, Erie, CO, 80026 uses $165,733 cash to close to unlock $8,885/yr annual cash flow and $740/mo monthly cash flow. Total monthly income runs $3,654/mo, and a $2,447/mo payment keeps the spread at $740/mo. Purchase price stands at $499,950, and rental yield measures 8.77% with $3,654/mo rent. Return on cash invested shows 25.27% in year one, and 5% annual appreciation builds toward $138,127 over five years. Five-year ROI reaches 131.12% and total cumulative return in cash records $217,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,654/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 2024
1,742 sqft lot
$N/A/sqft
No 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
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