1029 E 8th Ave APT 603DenverCO80218
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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 Denver at 1029 E 8th Ave APT 603, Denver, CO, 80218 offers a 8.33% rental yield on a $283,400 purchase with $1,967/mo rent. Total monthly income registers $1,967/mo, and a $1,387/mo payment leaves $315/mo available for distribution. Annual cash flow reaches $3,786/yr on $93,947 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $1,829/yr while 5% annual appreciation supports $78,298 over five years. Portfolio math shows five-year ROI at 124% and total cumulative return in cash at $116,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,967/mo property income against a $1,387/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
195 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80218, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,140 (100%) |
| Owner Occupied HU | 3,327 (27.4%) |
| Renter Occupied HU | 8,096 (66.7%) |
| Vacant Housing Units | 717 ( 5.9%) |
| Median Home Value | $816,377 |
| Average Home Value | $955,135 |
Housing Distribution
Address Breakdown
Residential
12,782
Single Family
3,836
Multi-Family
8,946
Businesses
893
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