3061 Mountain Shadows DriveWheat RidgeCO80215
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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 Wheat Ridge at 3061 Mountain Shadows Drive, Wheat Ridge, CO, 80215 generates $3,619/mo in rent, after a $4,640/mo payment. Total monthly income is $3,619/mo. Return on cash invested sits at 12.73% in year one, and rental yield is 4.58% on a $947,900 entry. Equity gained on principal adds $6,117/yr, while 5% annual appreciation builds toward $261,887 over five years. Five-year ROI reaches 63.84% and total cumulative return in cash sums $199,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,619/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80215, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,706 (100%) |
| Owner Occupied HU | 4,835 (49.8%) |
| Renter Occupied HU | 4,316 (44.5%) |
| Vacant Housing Units | 555 ( 5.7%) |
| Median Home Value | $743,206 |
| Average Home Value | $785,921 |
Housing Distribution
Address Breakdown
Residential
9,430
Single Family
6,524
Multi-Family
2,906
Businesses
1,138
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Listed by: Anne Pielage • Coldwell Banker Realty 28
Mls Name: REcolorado
Mls ID: #4194342