2349 Hickory PlaceErieCO80516
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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 2349 Hickory Place, Erie, CO, 80516 at $1,275,000 posts ROI 13.44% with from $5,503/mo rent. Total monthly income equals $5,503/mo. Return on cash invested measures 13.44% and rental yield reads 5.18% at the current $1,275,000. Equity gained on principal adds $8,227/yr, and 5% annual appreciation supports $352,259 by year five. Five-year ROI prints 68.06% and total cumulative return in cash totals $281,138. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,503/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2011
0.25 Acres lot
$N/A/sqft
$95 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: Chris Calicchia • MB Bellissimo Homes
Mls Name: REcolorado
Mls Provider:
Mls ID: #7213841
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