586 Nightsky StreetErieCO80516
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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 586 Nightsky Street, Erie, CO, 80516 priced at $773,900 pairs $4,920/mo rent with $326/mo cash flow after a $3,788/mo payment. Total monthly income equals $4,920/mo, and annual cash flow comes to $3,908/yr on $254,613 invested. Return on cash invested is 21.6% in year one, and rental yield stands at 7.63% on a $773,900 basis. Equity gained on principal adds $4,994/yr, and 5% annual appreciation accumulates to $213,814 by year five. Five-year ROI measures 111.51% and total cumulative return in cash reaches $283,929. For financing, Ziffy Mortgage’s DSCR program evaluates $4,920/mo property income against a $3,788/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,600 sqft lot
$N/A/sqft
$84 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: Kris Ceretto • Coldwell Banker Realty 56
Mls Name: REcolorado
Mls Provider:
Mls ID: #6812014
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)