224 W Warren AveCripple CreekCO80813
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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 Cripple Creek at 224 W Warren Ave, Cripple Creek, CO, 80813 priced at $592,000 converts $2,304/mo rent into after a $2,898/mo obligation. Total monthly income equals $2,304/mo. Return on cash invested prints 13% in year one, and rental yield reads 4.67% against a $592,000 entry. Equity gained on principal adds $3,820/yr, while 5% annual appreciation compiles into $163,559 by year five. Five-year ROI reaches 65.27% and total cumulative return in cash sums $127,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,304/mo property income covering a $2,898/mo payment, not borrower’s personal income.
Single Family
Built in 1932
2.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80813, Cripple Creek, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 562 (46.4%) |
| Renter Occupied HU | 275 (22.7%) |
| Vacant Housing Units | 375 (30.9%) |
| Median Home Value | $410,000 |
| Average Home Value | $435,556 |
Housing Distribution
Address Breakdown
Residential
293
Single Family
293
Multi-Family
0
Businesses
91
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Listed by: Allyson Cantrell GRI MRP • Coldwell Banker 1st Choice Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #3412480
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