Plan 1964 Modeled Plan, The Nest Villas at Canyon CreekErieCO80516
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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
Investment property for sale in Erie at Plan 1964 Modeled Plan, The Nest Villas at Canyon Creek, Erie, CO, 80516 offers a 8.59% rental yield on a $519,990 purchase with $3,721/mo rent. Total monthly income registers $3,721/mo, and a $2,545/mo payment leaves $691/mo available for distribution. Annual cash flow reaches $8,288/yr on $171,077 to close, and return on cash invested stands at 24.9% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,664 over five years. Portfolio math shows five-year ROI at 129.13% and total cumulative return in cash at $220,904. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,721/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2026
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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