2880 S Locust Street #708SDenverCO80222
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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 Denver at 2880 S Locust Street #708S, Denver, CO, 80222 uses $104,423 cash to close to unlock $1,224/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,542/mo payment keeps the spread at $102/mo. Purchase price stands at $315,000, and rental yield measures 9.82% with $2,578/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 111.3% and total cumulative return in cash records $116,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$640 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80222, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,819 (100%) |
| Owner Occupied HU | 5,069 (42.9%) |
| Renter Occupied HU | 5,732 (48.5%) |
| Vacant Housing Units | 1,018 ( 8.6%) |
| Median Home Value | $670,086 |
| Average Home Value | $719,044 |
Housing Distribution
Address Breakdown
Residential
10,998
Single Family
6,607
Multi-Family
4,391
Businesses
1,744
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Listed by: Andy Potarf • Redfin Corporation
Mls Name: REcolorado
Mls Provider:
Mls ID: #4429913
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