102 Spruce Mountain DrDrakeCO80515
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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 Drake at 102 Spruce Mountain Dr, Drake, CO, 80515 with 5% annual appreciation on a $375,000 basis while $2,572/mo rent supports operations. Total monthly income totals $2,572/mo and a $1,835/mo payment preserves $387/mo for cash returns. Annual cash flow comes to $4,644/yr on $124,313 deployed, and return on cash invested reaches 23.64% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.23%. Five-year ROI measures 122.38% and total cumulative return in cash totals $152,139.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,572/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
2.10 Acres lot
$N/A/sqft
No HOA
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Listed by: Louise Creager • RE/MAX Alliance-FTC South
Mls Name: IRES
Mls Provider:
Mls ID: #1031642
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.