708 Gallegos CircleErieCO80516
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
Investment property for sale in Erie at 708 Gallegos Circle, Erie, CO, 80516 at $725,000 posts ROI 21.95% with $377/mo cash flow from $5,008/mo rent. Total monthly income equals $5,008/mo, and annual cash flow records $4,519/yr on $238,525 to close. Return on cash invested measures 21.95% and rental yield reads 8.29% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. Five-year ROI prints 114.04% and total cumulative return in cash totals $272,021.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,008/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2013
5,000 sqft lot
$N/A/sqft
$97 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: Megan Denham • Resident Realty North Metro LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #6888916
Disclaimer: 2023 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)