1566 W Nevada PlaceDenverCO80223
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1566 W Nevada Place, Denver, CO, 80223 in Denver: $2,810/mo in rent, $1,011/mo net, 11.11% gross yield, all on a $303,450 acquisition. The 2.06 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $83,838 in value, and $2,795/yr in principal paydown steadily builds equity. Projected total cumulative return: $179,721.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 3.8% |
| Monthly Cash Flow | $1,011 | $1,850 |
City averages based on Denver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,810 |
| Total Monthly Debt Service | $1,679 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1940
4,690 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80223, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,768 (100%) |
| Owner Occupied HU | 3,780 (32.1%) |
| Renter Occupied HU | 7,184 (61.0%) |
| Vacant Housing Units | 804 ( 6.8%) |
| Median Home Value | $599,022 |
| Average Home Value | $676,045 |
Housing Distribution
Address Breakdown
Residential
9,760
Single Family
6,260
Multi-Family
3,500
Businesses
1,517
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 1940
4,690 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80223, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,768 (100%) |
| Owner Occupied HU | 3,780 (32.1%) |
| Renter Occupied HU | 7,184 (61.0%) |
| Vacant Housing Units | 804 ( 6.8%) |
| Median Home Value | $599,022 |
| Average Home Value | $676,045 |
Housing Distribution
Address Breakdown
Residential
9,760
Single Family
6,260
Multi-Family
3,500
Businesses
1,517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Walker • XXXX Real Estate & Construction LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #9673677
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](/mls-disclaimers/#17059)