502 Spruce Lake DrDivideCO80814
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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 Divide at 502 Spruce Lake Dr, Divide, CO, 80814 priced at $449,000 converts $2,600/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,600/mo. Return on cash invested prints 19.44% in year one, and rental yield reads 6.95% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 99.97% and total cumulative return in cash sums $148,804. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,600/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1985
1.43 Acres lot
$N/A/sqft
$125 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80814, Divide, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,159 (100%) |
| Owner Occupied HU | 1,445 (66.9%) |
| Renter Occupied HU | 221 (10.2%) |
| Vacant Housing Units | 493 (22.8%) |
| Median Home Value | $494,697 |
| Average Home Value | $605,069 |
Housing Distribution
Address Breakdown
Residential
1,701
Single Family
1,701
Multi-Family
0
Businesses
121
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Listed by: Pamela Macklin • Realty One Group View
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2050787
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