1920 Marfell StreetErieCO80516
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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 1920 Marfell Street, Erie, CO, 80516 generates $4,158/mo in rent, after a $5,139/mo payment. Total monthly income is $4,158/mo. Return on cash invested sits at 12.23% in year one, and rental yield is 4.75% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 61.53% and total cumulative return in cash sums $209,321. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,158/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
10,138 sqft lot
$N/A/sqft
$90 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: Renee O Lear • 8z Real Estate
Mls Name: REcolorado
Mls Provider:
Mls ID: #1930672
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