12480 W Nevada Place #214LakewoodCO80228
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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 Lakewood at 12480 W Nevada Place #214, Lakewood, CO, 80228 generates $1,938/mo in rent and, after a $978/mo payment, leaves $564/mo in cash flow. Total monthly income is $1,938/mo, and annual cash flow is $6,762/yr on $66,234 invested. Return on cash invested sits at 30.12% in year one, and rental yield is 11.64% on a $199,800 entry. Equity gained on principal adds $1,289/yr, while 5% annual appreciation builds toward $55,201 over five years. Five-year ROI reaches 158.54% and total cumulative return in cash sums $105,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80228, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,062 (100%) |
| Owner Occupied HU | 9,879 (61.5%) |
| Renter Occupied HU | 5,338 (33.2%) |
| Vacant Housing Units | 845 ( 5.3%) |
| Median Home Value | $695,392 |
| Average Home Value | $761,322 |
Housing Distribution
Address Breakdown
Residential
15,935
Single Family
10,473
Multi-Family
5,462
Businesses
1,026
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Listed by: Omak Yanez • MB The Brian Petrelli Team
Mls Name: REcolorado
Mls Provider:
Mls ID: #5523371
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/mls-disclaimers/#17059)