1606 Iris StBroomfieldCO80020
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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
Rental property for sale in Broomfield at 1606 Iris St, Broomfield, CO, 80020 generates $3,996/mo in rent, after a $3,617/mo payment. Total monthly income is $3,996/mo. Return on cash invested sits at 18.36% in year one, and rental yield is 6.49% on a $739,000 entry. Equity gained on principal adds $4,769/yr, while 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 94.09% and total cumulative return in cash sums $228,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,996/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
8,756 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80020, Broomfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,057 (100%) |
| Owner Occupied HU | 13,769 (59.7%) |
| Renter Occupied HU | 8,321 (36.1%) |
| Vacant Housing Units | 967 ( 4.2%) |
| Median Home Value | $597,746 |
| Average Home Value | $606,695 |
Housing Distribution
Address Breakdown
Residential
21,594
Single Family
14,655
Multi-Family
6,939
Businesses
1,332
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Listed by: Craig Peterson • WK Real Estate
Mls Name: IRES
Mls Provider:
Mls ID: #1033777
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.