2875 Blue Sky Circle Unit 4-303ErieCO80516
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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 Unit 4-303, Erie, CO, 80516 earns $412/mo cash flow from $2,789/mo rent with a $1,654/mo payment. Total monthly income totals $2,789/mo, and annual cash flow totals $4,938/yr on $112,047 capital. ROI tracks 24.32% on current figures, and rental yield reads 9.9% at a $338,000 purchase. Equity gained on principal adds $2,181/yr, and 5% annual appreciation supports $93,383 over five years. Five-year ROI reaches 127.6% and total cumulative return in cash sums $142,970. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,789/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$408 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: Priscilla Welch • Equity Colorado Real Estate
Mls Name: REcolorado
Mls Provider:
Mls ID: #9707276
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