1005 S Miller Street #202LakewoodCO80226
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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 Lakewood at 1005 S Miller Street #202, Lakewood, CO, 80226 earns $89/mo cash flow from $1,692/mo rent with a $1,346/mo payment. Total monthly income totals $1,692/mo, and annual cash flow totals $1,072/yr on $91,163 capital. ROI tracks 21.08% on current figures, and rental yield reads 7.38% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 108.71% and total cumulative return in cash sums $99,107. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,692/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80226, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,091 (100%) |
| Owner Occupied HU | 7,137 (50.6%) |
| Renter Occupied HU | 6,307 (44.8%) |
| Vacant Housing Units | 647 ( 4.6%) |
| Median Home Value | $625,983 |
| Average Home Value | $680,711 |
Housing Distribution
Address Breakdown
Residential
14,180
Single Family
10,431
Multi-Family
3,749
Businesses
1,224
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