2135 Spruce Street Unit 4BoulderCO80302
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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 Boulder at 2135 Spruce Street Unit 4, Boulder, CO, 80302 generates $4,508/mo in rent, after a $4,062/mo payment. Total monthly income is $4,508/mo. Return on cash invested sits at 15.98% in year one, and rental yield is 6.52% on a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 82.22% and total cumulative return in cash sums $224,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,508/mo property income rather than buyer’s personal income.
Condo
Built in 1984
9,114 sqft lot
$N/A/sqft
$600 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80302, Boulder, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,935 (100%) |
| Owner Occupied HU | 4,384 (33.9%) |
| Renter Occupied HU | 7,230 (55.9%) |
| Vacant Housing Units | 1,321 (10.2%) |
| Median Home Value | $1,221,835 |
| Average Home Value | $1,302,785 |
Housing Distribution
Address Breakdown
Residential
12,081
Single Family
7,618
Multi-Family
4,463
Businesses
1,438
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Listed by: Jill Ishmael • Fathom Realty Colorado LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #2607888
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)