003 Virginia Canyon RoadCentral CityCO80427
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 Central City at 003 Virginia Canyon Road, Central City, CO, 80427 priced at $120,000 pairs $2,252/mo rent with $1,553/mo cash flow after a $587/mo payment. Total monthly income equals $2,252/mo, and annual cash flow comes to $18,636/yr on $39,780 invested. Return on cash invested is 66.76% in year one, and rental yield stands at 22.52% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 353.56% and total cumulative return in cash reaches $140,647. For financing, Ziffy Mortgage’s DSCR program evaluates $2,252/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
2.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80427, Central City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 305 (40.1%) |
| Renter Occupied HU | 238 (31.3%) |
| Vacant Housing Units | 217 (28.6%) |
| Median Home Value | $418,952 |
| Average Home Value | $440,352 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
58
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Nearby investment properties with comparable prices
Listed by: Tony Thorpe • Crocker Realty, LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #6612023
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)