10890 W Evans Ave UNIT 1GLakewoodCO80227
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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 Lakewood at 10890 W Evans Ave UNIT 1G, Lakewood, CO, 80227 offers a 8.54% rental yield on a $265,800 purchase with $1,892/mo rent. Total monthly income registers $1,892/mo, and a $1,301/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,463/yr on $88,113 to close, and return on cash invested stands at 21.57% in year one. Equity gained on principal adds $1,715/yr while 5% annual appreciation supports $73,436 over five years. Portfolio math shows five-year ROI at 112.36% and total cumulative return in cash at $99,002. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,892/mo property income against a $1,301/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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