1046 Indiana 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 1046 Indiana Ave, Canon City, CO, 81212 offers a 10.21% rental yield on a $339,000 purchase with $2,885/mo rent. Total monthly income registers $2,885/mo, and a $1,659/mo payment leaves $910/mo available for distribution. Annual cash flow reaches $10,915/yr on $112,379 to close, and return on cash invested stands at 29.62% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 154.46% and total cumulative return in cash at $173,584. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,885/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2008
1.04 Acres 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: #6875067