1095 Spruce Mountain DrDrakeCO80515
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1095 Spruce Mountain Dr, Drake, CO, 80515 in Drake. At $380,000 it earns $2,726/mo in rent and distributes $512/mo to the owner after the $1,709/mo payment, a consistent 8.61% yield. DSCR 1.60 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $104,987 in value; $3,500/yr in principal paydown compounds ownership stake. Total projected return: $176,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.5% |
| Monthly Cash Flow | $512 | $1,200 |
City averages based on Drake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,726 |
| Total Monthly Debt Service | $2,063 |
| DSCR Ratio | 1.32x |
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.
Single Family
Built in 2018
2.02 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 2018
2.02 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Pike • RE/MAX Alliance-Windsor
Mls Name: IRES
Mls Provider:
Mls ID: #1033986
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.