339 Montgomery DrErieCO80516
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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
Rental property for sale in Erie at 339 Montgomery Dr, Erie, CO, 80516 generates $2,434/mo in rent, after a $1,848/mo payment. Total monthly income is $2,434/mo. Return on cash invested sits at 18.71% in year one, and rental yield is 7.74% on a $377,495 entry. Equity gained on principal adds $2,436/yr, while 5% annual appreciation builds toward $104,295 over five years. Five-year ROI reaches 97.22% and total cumulative return in cash sums $121,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,434/mo property income rather than buyer’s personal income.
Townhouse
Built in 2003
1,724 sqft lot
$N/A/sqft
$330 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: Christopher Ermold • RE/MAX Alliance-Lsvl
Mls Name: IRES
Mls Provider:
Mls ID: #1014629
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.