2130 Chestnut CircleErieCO80516
Nearby investment properties with comparable rents
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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 2130 Chestnut Circle, Erie, CO, 80516 generates $4,920/mo in rent and, after a $3,661/mo payment, leaves $410/mo in cash flow. Total monthly income is $4,920/mo, and annual cash flow is $4,918/yr on $246,092 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 7.89% on a $748,000 entry. Equity gained on principal adds $4,827/yr, while 5% annual appreciation builds toward $206,659 over five years. Five-year ROI reaches 114.12% and total cumulative return in cash sums $280,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
10,229 sqft lot
$N/A/sqft
$266 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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Listed by: Heather Haller • Compass - Denver
Mls Name: REcolorado
Mls Provider:
Mls ID: #7858839
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