1496 Ridge TerraceElbertCO80106
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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 Elbert at 1496 Ridge Terrace, Elbert, CO, 80106 projects strong ROI of 3.42%. Rental yield 1.58%. With 5% annual appreciation, the property builds $649,262 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.93%, translating into $106,065 in total cumulative return on $761,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2024
3.49 Acres lot
$N/A/sqft
$1,800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80106, Elbert, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,835 (100%) |
| Owner Occupied HU | 1,623 (88.4%) |
| Renter Occupied HU | 124 ( 6.8%) |
| Vacant Housing Units | 88 ( 4.8%) |
| Median Home Value | $744,600 |
| Average Home Value | $786,647 |
Housing Distribution
Address Breakdown
Residential
1,730
Single Family
1,730
Multi-Family
0
Businesses
46
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Listed by: David Richins • RE/MAX Professionals
Mls Name: REcolorado
Mls Provider:
Mls ID: #3927660
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