427 Wright Street #306LakewoodCO80228
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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 Lakewood at 427 Wright Street #306, Lakewood, CO, 80228 uses $79,560 cash to close to unlock $2,107/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,854/mo, and a $1,175/mo payment keeps the spread at $176/mo. Purchase price stands at $240,000, and rental yield measures 9.27% with $1,854/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 118.13% and total cumulative return in cash records $93,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,854/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$274 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80228, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,062 (100%) |
| Owner Occupied HU | 9,879 (61.5%) |
| Renter Occupied HU | 5,338 (33.2%) |
| Vacant Housing Units | 845 ( 5.3%) |
| Median Home Value | $695,392 |
| Average Home Value | $761,322 |
Housing Distribution
Address Breakdown
Residential
15,935
Single Family
10,473
Multi-Family
5,462
Businesses
1,026
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Listed by: Amy Ryan • Amy Ryan Group
Mls Name: REcolorado
Mls Provider:
Mls ID: #9879466
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