3000 Blue Sky Cir 11-108ErieCO80516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Erie at 3000 Blue Sky Cir 11-108, Erie, CO, 80516 generates $2,550/mo in rent and, after a $1,640/mo payment, leaves $112/mo in cash flow. Total monthly income is $2,550/mo, and annual cash flow is $1,348/yr on $111,053 invested. Return on cash invested sits at 21.12% in year one, and rental yield is 9.13% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 110.8% and total cumulative return in cash sums $123,044. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,550/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
436 sqft lot
$N/A/sqft
$485 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Clifford • Compass - Boulder
Mls Name: IRES
Mls Provider:
Mls ID: #1025535
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.