1304 S Parker Road Unit 249DenverCO80231
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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 1304 S Parker Road Unit 249, Denver, CO, 80231 uses $60,499 cash to close to unlock $2,204/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $893/mo payment keeps the spread at $184/mo. Purchase price stands at $182,500, and rental yield measures 10.42% with $1,584/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $50,421 over five years. Five-year ROI reaches 124.34% and total cumulative return in cash records $75,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $893/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$337 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80231, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,682 (100%) |
| Owner Occupied HU | 5,982 (33.8%) |
| Renter Occupied HU | 10,644 (60.2%) |
| Vacant Housing Units | 1,056 ( 6.0%) |
| Median Home Value | $592,032 |
| Average Home Value | $637,644 |
Housing Distribution
Address Breakdown
Residential
17,646
Single Family
5,300
Multi-Family
12,346
Businesses
1,205
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Listed by: Danielle Neuschwanger • Wild Buck Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #1997215
Disclaimer: 2023 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](/info/mls-disclaimers/#17059)