1029 E 8th Avenue #103DenverCO80218
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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 Denver at 1029 E 8th Avenue #103, Denver, CO, 80218 generates $1,448/mo in rent and, after a $729/mo payment, leaves $580/mo in cash flow. Total monthly income is $1,448/mo, and annual cash flow is $6,959/yr on $49,394 invested. Return on cash invested sits at 34% in year one, and rental yield is 11.66% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 177.92% and total cumulative return in cash sums $87,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,448/mo property income rather than buyer’s personal income.
Condo
Built in 1961
N/A 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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