12162 Melody Drive Unit 204WestminsterCO80234
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 12162 Melody Drive Unit 204, Westminster, CO, 80234 in Westminster earns a 12.02% gross yield at $219,450. Rent of $2,198/mo nets $437/mo after the $987/mo mortgage. The 2.23 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $60,630 and $2,021/yr in equity accumulation project a total cumulative return of $113,126.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.8% |
| Monthly Cash Flow | $437 | $1,850 |
City averages based on Westminster market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,198 |
| Total Monthly Debt Service | $1,674 |
| DSCR Ratio | 1.31x |
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.
Condo
Built in 1972
9,200 sqft lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80234, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,926 (100%) |
| Owner Occupied HU | 6,495 (54.5%) |
| Renter Occupied HU | 4,995 (41.9%) |
| Vacant Housing Units | 436 ( 3.7%) |
| Median Home Value | $618,781 |
| Average Home Value | $648,523 |
Housing Distribution
Address Breakdown
Residential
12,044
Single Family
7,717
Multi-Family
4,327
Businesses
960
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
Condo
Built in 1972
9,200 sqft lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80234, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,926 (100%) |
| Owner Occupied HU | 6,495 (54.5%) |
| Renter Occupied HU | 4,995 (41.9%) |
| Vacant Housing Units | 436 ( 3.7%) |
| Median Home Value | $618,781 |
| Average Home Value | $648,523 |
Housing Distribution
Address Breakdown
Residential
12,044
Single Family
7,717
Multi-Family
4,327
Businesses
960
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices