3023 Sheridan BoulevardWheat RidgeCO80214
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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 Wheat Ridge at 3023 Sheridan Boulevard, Wheat Ridge, CO, 80214 with 5% annual appreciation on a $399,500 basis while $3,458/mo rent supports operations. Total monthly income totals $3,458/mo and a $1,955/mo payment preserves $1,130/mo for cash returns. Annual cash flow comes to $13,562/yr on $132,434 deployed, and return on cash invested reaches 30.15% in year one. Equity gained on principal adds $2,578/yr, and five-year appreciation sums $110,374 alongside rental yield of 10.39%. Five-year ROI measures 157.3% and total cumulative return in cash totals $208,323.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,458/mo property income versus a $1,955/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80214, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,024 (100%) |
| Owner Occupied HU | 4,380 (31.2%) |
| Renter Occupied HU | 8,313 (59.3%) |
| Vacant Housing Units | 1,331 ( 9.5%) |
| Median Home Value | $653,472 |
| Average Home Value | $711,831 |
Housing Distribution
Address Breakdown
Residential
12,571
Single Family
7,906
Multi-Family
4,665
Businesses
1,133
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Listed by: Jamie Goodvin • JPAR Modern Real Estate
Mls Name: REcolorado
Mls Provider:
Mls ID: #6035601
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)