4611 Independence StreetWheat RidgeCO80033
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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 4611 Independence Street, Wheat Ridge, CO, 80033 priced at $505,000 converts $2,458/mo rent into after a $2,472/mo obligation. Total monthly income equals $2,458/mo. Return on cash invested prints 16.55% in year one, and rental yield reads 5.84% against a $505,000 entry. Equity gained on principal adds $3,259/yr, while 5% annual appreciation compiles into $139,522 by year five. Five-year ROI reaches 84.35% and total cumulative return in cash sums $140,142. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,458/mo property income covering a $2,472/mo payment, not borrower’s personal income.
Single Family
Built in 1942
9,017 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80033, Wheat Ridge, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,335 (100%) |
| Owner Occupied HU | 6,699 (46.7%) |
| Renter Occupied HU | 6,805 (47.5%) |
| Vacant Housing Units | 831 ( 5.8%) |
| Median Home Value | $678,737 |
| Average Home Value | $752,635 |
Housing Distribution
Address Breakdown
Residential
13,331
Single Family
10,479
Multi-Family
2,852
Businesses
1,522
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Listed by: Sara Delimont • West and Main Homes Inc
Mls Name: REcolorado
Mls Provider:
Mls ID: #5054474
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