170 Rhodes 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
Rental property for sale in Canon City at 170 Rhodes Ave, Canon City, CO, 81212 priced at $584,000 converts $3,301/mo rent into after a $2,858/mo obligation. Total monthly income equals $3,301/mo. Return on cash invested prints 19.42% in year one, and rental yield reads 6.78% against a $584,000 entry. Equity gained on principal adds $3,768/yr, while 5% annual appreciation compiles into $161,348 by year five. Five-year ROI reaches 99.72% and total cumulative return in cash sums $191,596. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,301/mo property income covering a $2,858/mo payment, not borrower’s personal income.
Single Family
Built in 1974
1.01 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: Kurt L. Zerby • Kurt Zerby Real Estate Group
Mls Name: Royal Gorge AOR
Mls ID: #8717052