10970 W Florida Avenue #215LakewoodCO80232
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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 10970 W Florida Avenue #215, Lakewood, CO, 80232 uses $120,633 cash to close to unlock $5,524/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $1,781/mo payment keeps the spread at $460/mo. Purchase price stands at $363,900, and rental yield measures 8.51% with $2,581/mo rent. Return on cash invested shows 24.49% in year one, and 5% annual appreciation builds toward $100,539 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash records $153,142. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $1,781/mo payment rather than investor’s personal income.
Condo
Built in 1981
0.01 sqft lot
$N/A/sqft
No 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
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