202 Lucca DriveEvansCO80620
Nearby investment properties with comparable rents
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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 Evans at 202 Lucca Drive, Evans, CO, 80620 priced at $284,900 converts $2,050/mo rent into $71/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,050/mo, and annual cash flow totals $853/yr on $94,444 invested. Return on cash invested prints 20.81% in year one, and rental yield reads 8.63% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 108.72% and total cumulative return in cash sums $102,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,050/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$319 monthly 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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Listed by: BreyAnna Garland • Orchard Brokerage LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #8502115
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