123 Wheat Ridge StPalmer LakeCO80133
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 Palmer Lake at 123 Wheat Ridge St, Palmer Lake, CO, 80133 priced at $640,000 converts $3,055/mo rent into after a $3,132/mo obligation. Total monthly income equals $3,055/mo. Return on cash invested prints 16.22% in year one, and rental yield reads 5.73% against a $640,000 entry. Equity gained on principal adds $4,130/yr, while 5% annual appreciation compiles into $176,820 by year five. Five-year ROI reaches 82.54% and total cumulative return in cash sums $173,790. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,055/mo property income covering a $3,132/mo payment, not borrower’s personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80133, Palmer Lake, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 915 (81.6%) |
| Renter Occupied HU | 137 (12.2%) |
| Vacant Housing Units | 70 ( 6.2%) |
| Median Home Value | $693,403 |
| Average Home Value | $752,503 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
336
Multi-Family
0
Businesses
170
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Nearby investment properties with comparable prices
Listed by: Anna Fish ABR GRI • LIV Sotheby's International Realty CO Springs
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1987160
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