1496 S Pierson Street Unit 116LakewoodCO80232
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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
Total monthly income runs $1,471/mo, and a $1,160/mo payment. Purchase price stands at $237,000, and rental yield measures 7.45% with $1,471/mo rent. Return on cash invested shows 17.46% in year one, and 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 90.63% and total cumulative return in cash records $71,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,471/mo property income covering a $1,160/mo payment rather than investor’s personal income.
Condo
Built in 1974
655 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80232, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,154 (100%) |
| Owner Occupied HU | 5,964 (65.2%) |
| Renter Occupied HU | 2,890 (31.6%) |
| Vacant Housing Units | 300 ( 3.3%) |
| Median Home Value | $611,881 |
| Average Home Value | $672,117 |
Housing Distribution
Address Breakdown
Residential
9,372
Single Family
7,227
Multi-Family
2,145
Businesses
455
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Listed by: Melissa Breese • Keller Williams Preferred Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #5842872
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](/info/mls-disclaimers/#17059)