166 Monares LaneErieCO80516
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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 166 Monares Lane, Erie, CO, 80516 offers $3,478/mo rent that, after a $3,059/mo payment. Total monthly income is $3,478/mo. Return on cash invested measures 18.48% in year one, and rental yield stands at 6.68% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 94.91% and total cumulative return in cash reaches $195,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,478/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
4,791 sqft lot
$N/A/sqft
$187 quarterly 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: TR Swanwick • The Agency - Boulder
Mls Name: REcolorado
Mls Provider:
Mls ID: #7598316
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)