1434 Hickory DrErieCO80516
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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 1434 Hickory Dr, Erie, CO, 80516 priced at $657,717 pairs $4,036/mo rent with $31/mo cash flow after a $3,219/mo payment. Total monthly income equals $4,036/mo, and annual cash flow comes to $372/yr on $216,389 invested. Return on cash invested is 20.23% in year one, and rental yield stands at 7.36% on a $657,717 basis. Equity gained on principal adds $4,244/yr, and 5% annual appreciation accumulates to $181,715 by year five. Five-year ROI measures 104.4% and total cumulative return in cash reaches $225,901. For financing, Ziffy Mortgage’s DSCR program evaluates $4,036/mo property income against a $3,219/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
8,228 sqft lot
$N/A/sqft
$85 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: Tammy Milano • RE/MAX Elevate
Mls Name: IRES
Mls Provider:
Mls ID: #1024849
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.