24 Cedar CtLongmontCO80503
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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 Longmont at 24 Cedar Ct, Longmont, CO, 80503 generates $2,966/mo in rent, after a $2,521/mo payment. Total monthly income is $2,966/mo. Return on cash invested sits at 19.81% in year one, and rental yield is 6.91% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 101.8% and total cumulative return in cash sums $172,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,966/mo property income rather than buyer’s personal income.
Multi Family
Built in 1972
6,033 sqft lot
$N/A/sqft
No 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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