1496 S Pierson Street Unit 116LakewoodCO80232
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 1496 S Pierson Street Unit 116, Lakewood, CO, 80232 in Lakewood. Rental yield 7.45%. The 1.38 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $65,479 and $2,183/yr in principal reduction project total return of $80,261.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.1% |
| Monthly Cash Flow | $(160) | $1,850 |
City averages based on Lakewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,471 |
| Total Monthly Debt Service | $1,537 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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)