478 S Henson StreetLake CityCO81235
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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 Lake City at 478 S Henson Street, Lake City, CO, 81235 offers $2,741/mo rent that, after a $4,797/mo payment. Total monthly income is $2,741/mo. Return on cash invested measures 9% in year one, and rental yield stands at 3.36% at a $980,000 entry. Equity gained on principal adds $6,324/yr while 5% annual appreciation compounds into $270,756 by year five. Five-year ROI records 43.85% and total cumulative return in cash reaches $141,396. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,741/mo property income versus a $4,797/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81235, Lake City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 259 (26.1%) |
| Renter Occupied HU | 91 ( 9.2%) |
| Vacant Housing Units | 644 (64.8%) |
| Median Home Value | $494,262 |
| Average Home Value | $627,529 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
88
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