190 Pear Lake 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 190 Pear Lake Way, Erie, CO, 80516 at $685,000 posts ROI 16.35% with from $3,296/mo rent. Total monthly income equals $3,296/mo. Return on cash invested measures 16.35% and rental yield reads 5.77% at the current $685,000. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 by year five. Five-year ROI prints 83.26% and total cumulative return in cash totals $187,630. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,296/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2015
5,035 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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