1616 Metcalf DriveErieCO80516
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
Investment property for sale in Erie at 1616 Metcalf Drive, Erie, CO, 80516 listed at $640,000 pairs $3,184/mo rent with a $3,132/mo payment. Total monthly income runs $3,184/mo. Return on cash invested measures 15.3% in year one, and rental yield registers 5.97% at a $640,000 basis. Equity gained on principal adds $4,130/yr, and annual property appreciation at 5% supports $176,820 by year five. Five-year ROI tracks 78.21% and total cumulative return in cash totals $164,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,184/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.30 Acres lot
$N/A/sqft
$89 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: Amy Duba • Your Castle Real Estate Inc
Mls Name: REcolorado
Mls Provider:
Mls ID: #1605598
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