114 Riverside DrCanon CityCO81212
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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
Rental property for sale in Canon City at 114 Riverside Dr, Canon City, CO, 81212 priced at $182,500 converts $1,606/mo rent into $543/mo cash flow after a $893/mo obligation. Total monthly income equals $1,606/mo, and annual cash flow totals $6,512/yr on $60,499 invested. Return on cash invested prints 30.67% in year one, and rental yield reads 10.56% against a $182,500 entry. Equity gained on principal adds $1,178/yr, while 5% annual appreciation compiles into $50,421 by year five. Five-year ROI reaches 160.11% and total cumulative return in cash sums $96,862. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,606/mo property income covering a $893/mo payment, not borrower’s personal income.
Single Family
Built in 1888
9,252 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
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Listed by: Louise E. Young • Properties Of Colorado Inc
Mls Name: Royal Gorge AOR
Mls ID: #1515050