412 College AveCanon CityCO81212
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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 Canon City at 412 College Ave, Canon City, CO, 81212 priced at $400,000 converts $1,618/mo rent into after a $1,958/mo obligation. Total monthly income equals $1,618/mo. Return on cash invested prints 13.45% in year one, and rental yield reads 4.85% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 67.76% and total cumulative return in cash sums $89,848. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,618/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1898
5,279 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
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Listed by: Darla Vought • Mountain Madhouse Real Estate
Mls Name: Royal Gorge AOR
Mls ID: #5536647