220 Rapids Lane #4Grand LakeCO80447
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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
Total monthly income runs $3,000/mo, and a $3,852/mo payment. Purchase price stands at $787,000, and rental yield measures 4.57% with $3,000/mo rent. Return on cash invested shows 12.71% in year one, and 5% annual appreciation builds toward $217,434 over five years. Five-year ROI reaches 63.72% and total cumulative return in cash records $164,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $3,852/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80447, Grand Lake, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,437 (100%) |
| Owner Occupied HU | 782 (22.8%) |
| Renter Occupied HU | 263 ( 7.7%) |
| Vacant Housing Units | 2,392 (69.6%) |
| Median Home Value | $674,038 |
| Average Home Value | $959,143 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
185
Multi-Family
25
Businesses
113
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Listed by: Lisa Simpson • Mountain Lake Properties
Mls Name: REcolorado
Mls ID: #9053490