785 Delechant DriveErieCO80516
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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 785 Delechant Drive, Erie, CO, 80516 offers a 3.52% rental yield on a $1,679,000 purchase with $4,920/mo rent. 28% in year one. Equity gained on principal adds $10,834/yr while 5% annual appreciation supports $463,877 over five years. Portfolio math shows five-year ROI at 40.38% and total cumulative return in cash at $219,674. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,920/mo property income against a $8,218/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.48 Acres lot
$N/A/sqft
$130 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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Nearby investment properties with comparable prices
Listed by: Kris Ceretto • Coldwell Banker Realty 56
Mls Name: REcolorado
Mls Provider:
Mls ID: #3475865
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