223 2nd StAvondaleCO81022
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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 Avondale at 223 2nd St, Avondale, CO, 81022 uses $61,294 cash to close to unlock $8,403/yr annual cash flow and $700/mo monthly cash flow. Total monthly income runs $1,784/mo, and a $905/mo payment keeps the spread at $700/mo. Purchase price stands at $184,900, and rental yield measures 11.58% with $1,784/mo rent. Return on cash invested shows 33.62% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 175.98% and total cumulative return in cash records $107,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,784/mo property income covering a $905/mo payment rather than investor’s personal income.
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
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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.