1245 N Race St APT 306DenverCO80206
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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
Investment property for sale in Denver at 1245 N Race St APT 306, Denver, CO, 80206 uses $95,804 cash to close to unlock $9,147/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $2,447/mo, and a $1,415/mo payment keeps the spread at $762/mo. Purchase price stands at $289,000, and rental yield measures 10.16% with $2,447/mo rent. Return on cash invested shows 29.46% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 153.6% and total cumulative return in cash records $147,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,447/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1965
546 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80206, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,670 (100%) |
| Owner Occupied HU | 5,584 (35.6%) |
| Renter Occupied HU | 8,955 (57.1%) |
| Vacant Housing Units | 1,131 ( 7.2%) |
| Median Home Value | $987,422 |
| Average Home Value | $1,137,276 |
Housing Distribution
Address Breakdown
Residential
14,895
Single Family
6,738
Multi-Family
8,157
Businesses
1,617
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