1421 Lumber Ridge Circle NErieCO80516
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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 1421 Lumber Ridge Circle N, Erie, CO, 80516 offers a 7.24% rental yield on a $815,950 purchase with $4,920/mo rent. Total monthly income registers $4,920/mo, and a $3,994/mo payment leaves $68/mo available for distribution. Annual cash flow reaches $821/yr on $268,448 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $5,265/yr while 5% annual appreciation supports $225,432 over five years. Portfolio math shows five-year ROI at 104.94% and total cumulative return in cash at $281,711. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,920/mo property income against a $3,994/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$96 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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Listed by: Matthew Tonge • Richmond Realty Inc
Mls Name: REcolorado
Mls Provider:
Mls ID: #5467267
Disclaimer: 2025 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](/mls-disclaimers/#17059)