950 Sumner WayErieCO80516
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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 950 Sumner Way, Erie, CO, 80516 priced at $815,400 pairs $3,525/mo rent with after a $3,991/mo payment. Total monthly income equals $3,525/mo. Return on cash invested is 14.22% in year one, and rental yield stands at 5.19% on a $815,400 basis. Equity gained on principal adds $5,262/yr, and 5% annual appreciation accumulates to $225,280 by year five. Five-year ROI measures 71.93% and total cumulative return in cash reaches $192,967. For financing, Ziffy Mortgage’s DSCR program evaluates $3,525/mo property income against a $3,991/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
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
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