447 Wright Street #318LakewoodCO80228
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 447 Wright Street #318, Lakewood, CO, 80228 in Lakewood at $315,000 earns $2,153/mo in rent and nets $42/mo after the $1,416/mo payment, a 8.2% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $87,029 over five years. Ziffy Mortgage underwrites this on a 1.52 DSCR without U.S. credit history. With $2,901/yr in principal paydown, total projected return reaches $122,878.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.1% |
| Monthly Cash Flow | $42 | $1,850 |
City averages based on Lakewood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,153 |
| Total Monthly Debt Service | $1,985 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
N/A lot
$N/A/sqft
$275 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1982
N/A lot
$N/A/sqft
$275 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Hopper • Re-Assurance Real Estate
Mls Name: REcolorado
Mls Provider:
Mls ID: #6704951
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