112-114 8th StGilcrestCO80623
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
Investment Highlights
Rental property for sale in Gilcrest at 112-114 8th St, Gilcrest, CO, 80623 generates $2,358/mo in rent, after a $2,736/mo payment. Total monthly income is $2,358/mo. Return on cash invested sits at 14.19% in year one, and rental yield is 5.06% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 71.68% and total cumulative return in cash sums $131,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,358/mo property income rather than buyer’s personal income.
Multi Family
Built in 2001
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80623, Gilcrest, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 328 (100%) |
| Owner Occupied HU | 235 (71.6%) |
| Renter Occupied HU | 78 (23.8%) |
| Vacant Housing Units | 15 ( 4.6%) |
| Median Home Value | $503,261 |
| Average Home Value | $494,713 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
20
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Craig Francis • Equity Colorado-Front Range
Mls Name: IRES
Mls Provider:
Mls ID: #1035375
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.