10890 W Evans Ave UNIT 1GLakewoodCO80227
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.54% yield at 10890 W Evans Ave UNIT 1G, Lakewood, CO, 80227 in Lakewood is solid, but the $1,195/mo payment compresses net cash flow to $122/mo at $265,800. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $73,436 by year five, and $2,448/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $109,194.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.1% |
| Monthly Cash Flow | $122 | $1,850 |
City averages based on Lakewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,892 |
| Total Monthly Debt Service | $1,664 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1983
N/A lot
$N/A/sqft
$221 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80227, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,130 (100%) |
| Owner Occupied HU | 9,331 (57.8%) |
| Renter Occupied HU | 6,196 (38.4%) |
| Vacant Housing Units | 603 ( 3.7%) |
| Median Home Value | $630,852 |
| Average Home Value | $674,447 |
Housing Distribution
Address Breakdown
Residential
16,083
Single Family
8,936
Multi-Family
7,147
Businesses
878
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
Condo
Built in 1983
N/A lot
$N/A/sqft
$221 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80227, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,130 (100%) |
| Owner Occupied HU | 9,331 (57.8%) |
| Renter Occupied HU | 6,196 (38.4%) |
| Vacant Housing Units | 603 ( 3.7%) |
| Median Home Value | $630,852 |
| Average Home Value | $674,447 |
Housing Distribution
Address Breakdown
Residential
16,083
Single Family
8,936
Multi-Family
7,147
Businesses
878
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices