245 Washington 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
Investment property for sale in Erie at 245 Washington Street, Erie, CO, 80516 with 5% annual appreciation on a $742,142 basis while $4,302/mo rent supports operations. 43% in year one. Equity gained on principal adds $4,789/yr, and five-year appreciation sums $205,040 alongside rental yield of 6.96%. Five-year ROI measures 99.97% and total cumulative return in cash totals $244,103. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,302/mo property income versus a $3,632/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
3,240 sqft lot
$N/A/sqft
$105 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: Team Front Range • Keller Williams Trilogy
Mls Name: REcolorado
Mls Provider:
Mls ID: #5650681
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/mls-disclaimers/#17059)