2119 Morningside 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
Investment property for sale in Canon City at 2119 Morningside Dr, Canon City, CO, 81212 uses $124,313 cash to close to unlock $5,004/yr annual cash flow and $417/mo monthly cash flow. Total monthly income runs $2,602/mo, and a $1,835/mo payment keeps the spread at $417/mo. Purchase price stands at $375,000, and rental yield measures 8.33% with $2,602/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash records $154,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,602/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1979
8,646 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer M. Vernetti • EXIT Elevation Realty
Mls Name: Royal Gorge AOR
Mls ID: #1828239