1023 Madison StCanon CityCO81212
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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 Canon City at 1023 Madison St, Canon City, CO, 81212 offers $1,470/mo rent that, after a $1,155/mo payment, leaves $95/mo cash flow. Total monthly income is $1,470/mo, and annual cash flow is $1,138/yr on $78,201 cash. Return on cash invested measures 21.36% in year one, and rental yield stands at 7.48% at a $235,900 entry. Equity gained on principal adds $1,522/yr while 5% annual appreciation compounds into $65,175 by year five. Five-year ROI records 110.18% and total cumulative return in cash reaches $86,159. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,470/mo property income versus a $1,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
7,956 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
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Listed by: Carla Braddy • Real Broker, LLC DBA Real
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #4612402
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