803 Goodrich Peak StErieCO80516
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
Rental property for sale in Erie at 803 Goodrich Peak St, Erie, CO, 80516 offers $4,920/mo rent that, after a $3,196/mo payment, leaves $1,115/mo cash flow. Total monthly income is $4,920/mo, and annual cash flow is $13,375/yr on $214,821 cash. Return on cash invested measures 26.29% in year one, and rental yield stands at 9.04% at a $652,950 entry. Equity gained on principal adds $4,213/yr while 5% annual appreciation compounds into $180,398 by year five. Five-year ROI records 136.53% and total cumulative return in cash reaches $293,296. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,920/mo property income versus a $3,196/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
