215 Ute AveSimlaCO80835
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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 Simla at 215 Ute Ave, Simla, CO, 80835 priced at $125,000 converts $946/mo rent into $217/mo cash flow after a $612/mo obligation. Total monthly income equals $946/mo, and annual cash flow totals $2,608/yr on $41,438 invested. Return on cash invested prints 26.2% in year one, and rental yield reads 9.08% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 136.21% and total cumulative return in cash sums $56,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $946/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80835, Simla, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 355 (100%) |
| Owner Occupied HU | 216 (60.8%) |
| Renter Occupied HU | 76 (21.4%) |
| Vacant Housing Units | 63 (17.7%) |
| Median Home Value | $550,000 |
| Average Home Value | $631,944 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
160
Multi-Family
0
Businesses
29
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Listed by: Roger Shults • My Colorado Broker, LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #8897694
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