1646 Grand AveCanon CityCO81212
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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 Canon City at 1646 Grand Ave, Canon City, CO, 81212 offers a 8.02% rental yield on a $337,500 purchase with $2,255/mo rent. Total monthly income registers $2,255/mo, and a $1,652/mo payment leaves $288/mo available for distribution. Annual cash flow reaches $3,456/yr on $111,881 to close, and return on cash invested stands at 23% in year one. Equity gained on principal adds $2,178/yr while 5% annual appreciation supports $93,245 over five years. Portfolio math shows five-year ROI at 118.93% and total cumulative return in cash at $133,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,255/mo property income against a $1,652/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
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Listed by: Kimberly M. Martin • Proficient Property Management Serv
Mls Name: Royal Gorge AOR
Mls ID: #1212351