218 E Douglas AveCanon 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 218 E Douglas Ave, Canon City, CO, 81212 uses $72,897 cash to close to unlock $4,449/yr annual cash flow and $371/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $1,076/mo payment keeps the spread at $371/mo. Purchase price stands at $219,900, and rental yield measures 9.02% with $1,652/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 135.12% and total cumulative return in cash records $98,500. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1963
9,099 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: Pam S. Marietta • Fremont Realty LLC
Mls Name: Royal Gorge AOR
Mls ID: #8401333