2318 Spindrift DrLongmontCO80503
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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 Longmont at 2318 Spindrift Dr, Longmont, CO, 80503 offers a 4.6% rental yield on a $825,000 purchase with $3,165/mo rent. 3% in year one. Equity gained on principal adds $5,324/yr while 5% annual appreciation supports $227,932 over five years. Portfolio math shows five-year ROI at 61.68% and total cumulative return in cash at $167,421. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,165/mo property income against a $4,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
10,035 sqft lot
$N/A/sqft
$113 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80503, Longmont, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,130 (100%) |
| Owner Occupied HU | 9,800 (60.8%) |
| Renter Occupied HU | 5,277 (32.7%) |
| Vacant Housing Units | 1,053 ( 6.5%) |
| Median Home Value | $795,021 |
| Average Home Value | $956,778 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
12,180
Multi-Family
2,894
Businesses
338
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Listed by: Catherine Mosciski • Catherine Mosciski
Mls Name: IRES
Mls Provider:
Mls ID: #1034053
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.