1038 Ohio AveCanon 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
Investment property for sale in Canon City at 1038 Ohio Ave, Canon City, CO, 81212 uses $111,053 cash to close to unlock $3,928/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,640/mo payment keeps the spread at $327/mo. Purchase price stands at $335,000, and rental yield measures 8.17% with $2,280/mo rent. Return on cash invested shows 23.45% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 121.36% and total cumulative return in cash records $134,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1962
10,018 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: Jenny J. Gatzke • Homesmart Preferred Realty
Mls Name: Royal Gorge AOR
Mls ID: #3881540