39209 Plan, Morgan HillErieCO80516
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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 39209 Plan, Morgan Hill, Erie, CO, 80516 uses $160,111 cash to close to unlock $422/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $2,850/mo, and a $2,364/mo payment keeps the spread at $35/mo. Purchase price stands at $482,990, and rental yield measures 7.08% with $2,850/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $133,441 over five years. Five-year ROI reaches 103.8% and total cumulative return in cash records $166,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,850/mo property income covering a $2,364/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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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