1602 38th St RdEvansCO80620
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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 Evans at 1602 38th St Rd, Evans, CO, 80620 uses $128,954 cash to close to unlock $3,839/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $2,587/mo, and a $1,904/mo payment keeps the spread at $320/mo. Purchase price stands at $389,000, and rental yield measures 7.98% with $2,587/mo rent. Return on cash invested shows 22.89% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 118.33% and total cumulative return in cash records $152,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,587/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1978
6,438 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80620, Evans, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,861 (100%) |
| Owner Occupied HU | 4,675 (59.5%) |
| Renter Occupied HU | 2,968 (37.8%) |
| Vacant Housing Units | 218 ( 2.8%) |
| Median Home Value | $357,900 |
| Average Home Value | $359,566 |
Housing Distribution
Address Breakdown
Residential
7,418
Single Family
6,557
Multi-Family
861
Businesses
350
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