1809 Meagan WayErieCO80516
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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 1809 Meagan Way, Erie, CO, 80516 earns from $4,231/mo rent with a $3,862/mo payment. Total monthly income totals $4,231/mo. ROI tracks 18.36% on current figures, and rental yield reads 6.43% at a $789,000 purchase. Equity gained on principal adds $5,091/yr, and 5% annual appreciation supports $217,986 over five years. Five-year ROI reaches 94.03% and total cumulative return in cash sums $244,090. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,231/mo property income instead of your personal income.
Single Family
Built in 2022
6,182 sqft lot
$N/A/sqft
No 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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