122 Elk WayDrakeCO80515
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow122 Elk Way, Drake, CO, 80515 in Drake is a top-tier cash-flow asset. At $515,000 it produces $4,800/mo in rent and $1,799/mo in net monthly income, a 11.18% gross rental yield. The DSCR of 2.07 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $21,584. Five-year appreciation adds $142,285, driving a total cumulative return of $310,233.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.5% |
| Monthly Cash Flow | $1,799 | $1,200 |
City averages based on Drake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,800 |
| Total Monthly Debt Service | $2,796 |
| DSCR Ratio | 1.72x |
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.
Single Family
Built in 2001
6.08 Acres lot
$N/A/sqft
No HOA
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
Single Family
Built in 2001
6.08 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louise Creager • RE/MAX Alliance-FTC South
Mls Name: IRES
Mls Provider:
Mls ID: #1042713
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.