216 Rainbow Ridge RoadCanon 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
Investment property for sale in Canon City at 216 Rainbow Ridge Road, Canon City, CO, 81212 earns from $3,413/mo rent with a $3,426/mo payment. Total monthly income totals $3,413/mo. ROI tracks 16.59% on current figures, and rental yield reads 5.85% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 84.52% and total cumulative return in cash sums $194,612. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,413/mo property income instead of your personal income.
Single Family
Built in 2004
45 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
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Listed by: Sarah Manshel • eXp Realty, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #824518
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.