10532 W Florida Avenue #DLakewoodCO80232
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 10532 W Florida Avenue #D, Lakewood, CO, 80232 in Lakewood offers a clean, manageable entry. Rental yield 6.63%. DSCR 1.23 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $120,182 in additional property value over five years, with $4,006/yr in principal equity building ownership stake. Total projected cumulative return: $127,915.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 5.1% |
| Monthly Cash Flow | $(597) | $1,850 |
City averages based on Lakewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,404 |
| Total Monthly Debt Service | $2,827 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1974
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80232, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 5,964 (65.2%) |
| Renter Occupied HU | 2,890 (31.6%) |
| Vacant Housing Units | 300 ( 3.3%) |
| Median Home Value | $611,881 |
| Average Home Value | $672,117 |
Housing Distribution
Address Breakdown
Residential
9,372
Single Family
7,227
Multi-Family
2,145
Businesses
455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1974
N/A lot
$N/A/sqft
$465 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80232, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 5,964 (65.2%) |
| Renter Occupied HU | 2,890 (31.6%) |
| Vacant Housing Units | 300 ( 3.3%) |
| Median Home Value | $611,881 |
| Average Home Value | $672,117 |
Housing Distribution
Address Breakdown
Residential
9,372
Single Family
7,227
Multi-Family
2,145
Businesses
455
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Balentine • Resident Realty South Metro
Mls Name: REcolorado
Mls Provider:
Mls ID: #5049270
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/mls-disclaimers/#17059)