204 Storm Ridge DrCanon CityCO81212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 204 Storm Ridge Dr, Canon City, CO, 81212 priced at $699,999 converts $2,394/mo rent into after a $3,426/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 11.28% in year one, and rental yield reads 4.1% against a $699,999 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,397 by year five. Five-year ROI reaches 56.05% and total cumulative return in cash sums $129,087. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.58 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Misty Garman • Bhhs Rocky Mountain Canon City
Mls Name: Royal Gorge AOR
Mls ID: #5298514