14960 Spiritwood LoopElbertCO80106
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 14960 Spiritwood Loop, Elbert, CO, 80106 in Elbert. Rental yield 5.33%. At $873,900 with 5.33% gross yield, current distributions are modest, but the 5% appreciation rate projects $241,442 in new equity by year five, complemented by $8,049/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.99) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $251,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 5.5% |
| Monthly Cash Flow | $(1,220) | $600 |
City averages based on Elbert market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,881 |
| Total Monthly Debt Service | $4,754 |
| DSCR Ratio | 0.82x |
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.
Single Family
Built in 1993
2.78 Acres lot
$N/A/sqft
$100 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
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
Single Family
Built in 1993
2.78 Acres lot
$N/A/sqft
$100 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Shea CLHMS MRP RENE • Keller Williams Clients Choice Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9430542
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