237 Cardinal Way #202LongmontCO80501
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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 237 Cardinal Way #202, Longmont, CO, 80501 offers a 14.4% rental yield on a $173,128 purchase with $2,078/mo rent. Total monthly income registers $2,078/mo, and a $847/mo payment leaves $822/mo available for distribution. Annual cash flow reaches $9,869/yr on $57,392 to close, and return on cash invested stands at 37.1% in year one. Equity gained on principal adds $1,117/yr while 5% annual appreciation supports $47,832 over five years. Portfolio math shows five-year ROI at 196.51% and total cumulative return in cash at $112,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,078/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
8,286 sqft lot
$N/A/sqft
$247 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80501, Longmont, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,152 (100%) |
| Owner Occupied HU | 9,296 (48.5%) |
| Renter Occupied HU | 8,725 (45.6%) |
| Vacant Housing Units | 1,131 ( 5.9%) |
| Median Home Value | $545,081 |
| Average Home Value | $664,784 |
Housing Distribution
Address Breakdown
Residential
19,261
Single Family
15,147
Multi-Family
4,114
Businesses
2,260
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Listed by: Paul Bredehoeft • Keller Williams 1st Realty
Mls Name: IRES
Mls Provider:
Mls ID: #1036695
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.