218 S Josephine AveMillikenCO80543
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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 Milliken at 218 S Josephine Ave, Milliken, CO, 80543 offers $2,213/mo rent that, after a $1,855/mo payment, leaves $4/mo cash flow. Total monthly income is $2,213/mo, and annual cash flow is $51/yr on $125,639 cash. Return on cash invested measures 19.95% in year one, and rental yield stands at 7.01% at a $379,000 entry. Equity gained on principal adds $2,446/yr while 5% annual appreciation compounds into $104,711 by year five. Five-year ROI records 102.61% and total cumulative return in cash reaches $128,915. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,213/mo property income versus a $1,855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
9,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80543, Milliken, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,822 (85.5%) |
| Renter Occupied HU | 413 (12.5%) |
| Vacant Housing Units | 67 ( 2.0%) |
| Median Home Value | $445,418 |
| Average Home Value | $485,823 |
Housing Distribution
Address Breakdown
Residential
3,061
Single Family
3,061
Multi-Family
0
Businesses
102
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