2242 Cherry StreetDenverCO80207
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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 Denver at 2242 Cherry Street, Denver, CO, 80207 generates $5,057/mo in rent, after a $5,384/mo payment. Total monthly income is $5,057/mo. Return on cash invested sits at 15.81% in year one, and rental yield is 5.52% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 80.3% and total cumulative return in cash sums $286,171. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,057/mo property income rather than buyer’s personal income.
Single Family
Built in 1911
5,950 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80207, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,178 (100%) |
| Owner Occupied HU | 5,679 (61.9%) |
| Renter Occupied HU | 3,156 (34.4%) |
| Vacant Housing Units | 343 ( 3.7%) |
| Median Home Value | $729,003 |
| Average Home Value | $815,572 |
Housing Distribution
Address Breakdown
Residential
8,643
Single Family
8,311
Multi-Family
332
Businesses
585
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Listed by: Leo Rowen • RE/MAX of Cherry Creek
Mls Name: REcolorado
Mls Provider:
Mls ID: #7205770
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)