223 2nd StAvondaleCO81022
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 223 2nd St, Avondale, CO, 81022 in Avondale hard to pass up. The 11.58% gross yield on a $184,900 purchase results in $1,784/mo in rent and $701/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.15). Annual cash flow of $8,408, five-year appreciation of $51,084, and $1,703/yr in equity build-up combine for a projected total cumulative return of $114,968.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.0% |
| Monthly Cash Flow | $701 | $1,500 |
City averages based on Avondale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,784 |
| Total Monthly Debt Service | $1,010 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81022, Avondale, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 421 (66.8%) |
| Renter Occupied HU | 138 (21.9%) |
| Vacant Housing Units | 71 (11.3%) |
| Median Home Value | $361,504 |
| Average Home Value | $382,518 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81022, Avondale, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 421 (66.8%) |
| Renter Occupied HU | 138 (21.9%) |
| Vacant Housing Units | 71 (11.3%) |
| Median Home Value | $361,504 |
| Average Home Value | $382,518 |
Housing Distribution
Address Breakdown
Residential
390
Single Family
390
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raylene Fadely • So Co Real Estate Inv, LLC
Mls Name: PAR
Mls Provider:
Mls ID: #231090
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.