3240 Iris Ave #201BoulderCO80301
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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 Boulder at 3240 Iris Ave #201, Boulder, CO, 80301 uses $125,804 cash to close to unlock $11,974/yr annual cash flow and $998/mo monthly cash flow. Total monthly income runs $3,209/mo, and a $1,857/mo payment keeps the spread at $998/mo. Purchase price stands at $379,500, and rental yield measures 10.15% with $3,209/mo rent. Return on cash invested shows 29.43% in year one, and 5% annual appreciation builds toward $104,849 over five years. Five-year ROI reaches 153.4% and total cumulative return in cash records $192,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,209/mo property income covering a $1,857/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80301, Boulder, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,558 (100%) |
| Owner Occupied HU | 6,773 (50.0%) |
| Renter Occupied HU | 5,840 (43.1%) |
| Vacant Housing Units | 945 ( 7.0%) |
| Median Home Value | $849,607 |
| Average Home Value | $899,851 |
Housing Distribution
Address Breakdown
Residential
13,091
Single Family
7,802
Multi-Family
5,289
Businesses
2,304
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