4655 Independence Street Unit 3Wheat 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
Investment property for sale in Wheat Ridge at 4655 Independence Street Unit 3, Wheat Ridge, CO, 80033 offers a 7.28% rental yield on a $350,000 purchase with $2,124/mo rent. 98% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 93.04% and total cumulative return in cash at $107,954. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,124/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
$271 monthly 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: Dana Fetters • Madison & Company Properties
Mls Name: REcolorado
Mls Provider:
Mls ID: #3500469
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