216 Charmony PlSterlingCO80751
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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 Sterling at 216 Charmony Pl, Sterling, CO, 80751 priced at $249,900 converts $2,358/mo rent into $902/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,358/mo, and annual cash flow totals $10,821/yr on $82,842 invested. Return on cash invested prints 32.97% in year one, and rental yield reads 11.32% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 172.42% and total cumulative return in cash sums $142,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,358/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1953
8,760 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80751, Sterling, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,865 (100%) |
| Owner Occupied HU | 3,904 (56.9%) |
| Renter Occupied HU | 2,345 (34.2%) |
| Vacant Housing Units | 616 ( 9.0%) |
| Median Home Value | $258,511 |
| Average Home Value | $305,221 |
Housing Distribution
Address Breakdown
Residential
6,551
Single Family
6,288
Multi-Family
263
Businesses
884
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Listed by: Michele Owen • RE/MAX Homestead Northeast
Mls Name: IRES
Mls Provider:
Mls ID: #1035590
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.