10970 W Florida Avenue Unit 203LakewoodCO80232
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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 Unit 203, Lakewood, CO, 80232 listed at $274,000 pairs $1,471/mo rent with a $1,341/mo payment. Total monthly income runs $1,471/mo. Return on cash invested measures 14.42% in year one, and rental yield registers 6.44% at a $274,000 basis. Equity gained on principal adds $1,768/yr, and annual property appreciation at 5% supports $75,701 by year five. Five-year ROI tracks 74.34% and total cumulative return in cash totals $67,521. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,471/mo property income relative to a $1,341/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1981
N/A lot
$N/A/sqft
$290 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
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Listed by: Cindy Morrow • CINDY MORROW & ASSOCIATES
Mls Name: REcolorado
Mls Provider:
Mls ID: #2826609
Disclaimer: 2023 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](/info/mls-disclaimers/#17059)