2117 Morningside DrCanon 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 2117 Morningside Dr, Canon City, CO, 81212 generates $2,180/mo in rent and, after a $1,493/mo payment, leaves $402/mo in cash flow. Total monthly income is $2,180/mo, and annual cash flow is $4,828/yr on $101,108 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 8.58% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 128% and total cumulative return in cash sums $129,418. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,180/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
8,019 sqft 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: John W. Marietta • Fremont Realty LLC
Mls Name: Royal Gorge AOR
Mls ID: #5952162