1021 Carr Street Unit 11LakewoodCO80214
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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 Lakewood at 1021 Carr Street Unit 11, Lakewood, CO, 80214 generates $2,147/mo in rent and, after a $1,224/mo payment, leaves $302/mo in cash flow. Total monthly income is $2,147/mo, and annual cash flow is $3,620/yr on $82,875 invested. Return on cash invested sits at 24.28% in year one, and rental yield is 10.31% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 127.84% and total cumulative return in cash sums $105,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,147/mo property income rather than buyer’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$388 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80214, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,024 (100%) |
| Owner Occupied HU | 4,380 (31.2%) |
| Renter Occupied HU | 8,313 (59.3%) |
| Vacant Housing Units | 1,331 ( 9.5%) |
| Median Home Value | $653,472 |
| Average Home Value | $711,831 |
Housing Distribution
Address Breakdown
Residential
12,571
Single Family
7,906
Multi-Family
4,665
Businesses
1,133
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Listed by: Benjamin Bear • RE/MAX PROFESSIONALS
Mls Name: REcolorado
Mls Provider:
Mls ID: #7916618
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