2875 Blue Sky Circle #4-208ErieCO80516
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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 2875 Blue Sky Circle #4-208, Erie, CO, 80516 uses $140,888 cash to close to unlock $8,296/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $3,168/mo, and a $2,080/mo payment keeps the spread at $691/mo. Purchase price stands at $425,000, and rental yield measures 8.94% with $3,168/mo rent. Return on cash invested shows 25.8% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 133.96% and total cumulative return in cash records $188,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,168/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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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