1419 Red Mountain Drive #116LongmontCO80504
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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 Longmont at 1419 Red Mountain Drive #116, Longmont, CO, 80504 offers a 7.8% rental yield on a $397,500 purchase with $2,585/mo rent. Total monthly income registers $2,585/mo, and a $1,946/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,216/yr on $131,771 to close, and return on cash invested stands at 22.35% in year one. Equity gained on principal adds $2,565/yr while 5% annual appreciation supports $109,822 over five years. Portfolio math shows five-year ROI at 115.44% and total cumulative return in cash at $152,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,585/mo property income against a $1,946/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
1,126 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80504, Longmont, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,861 (100%) |
| Owner Occupied HU | 18,264 (70.6%) |
| Renter Occupied HU | 6,346 (24.5%) |
| Vacant Housing Units | 1,251 ( 4.8%) |
| Median Home Value | $627,380 |
| Average Home Value | $693,936 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
21,852
Multi-Family
2,384
Businesses
987
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