707 Raindance St, Erie, CO, 80516 | 5.94% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Erie at 707 Raindance St, Erie, CO, 80516 earns from $3,577/mo rent with a $3,538/mo payment. Total monthly income totals $3,577/mo. ROI tracks 16.85% on current figures, and rental yield reads 5.94% at a $722,900 purchase. Equity gained on principal adds $4,665/yr, and 5% annual appreciation supports $199,724 over five years. Five-year ROI reaches 85.95% and total cumulative return in cash sums $204,425. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,577/mo property income instead of your 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