2278 Spruce Mountain DrDrakeCO80515
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.05% gross rental yield, 2278 Spruce Mountain Dr, Drake, CO, 80515 in Drake is priced for capital growth, not immediate cash flow. The $475,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $131,234 by year five, with $4,375/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.94) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $128,786.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 5.5% |
| Monthly Cash Flow | $(787) | $1,200 |
City averages based on Drake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,998 |
| Total Monthly Debt Service | $2,596 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1995
5 Acres lot
$N/A/sqft
No HOA
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 1995
5 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth Hanson • Group Harmony
Mls Name: IRES
Mls Provider:
Mls ID: #1031904
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.