505 Detroit StreetDenverCO80206
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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 Denver at 505 Detroit Street, Denver, CO, 80206 priced at $845,000 converts $4,291/mo rent into after a $4,136/mo obligation. Total monthly income equals $4,291/mo. Return on cash invested prints 16.79% in year one, and rental yield reads 6.09% against a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation compiles into $233,458 by year five. Five-year ROI reaches 85.79% and total cumulative return in cash sums $238,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,291/mo property income covering a $4,136/mo payment, not borrower’s personal income.
Townhouse
Built in 1962
2,126 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80206, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,670 (100%) |
| Owner Occupied HU | 5,584 (35.6%) |
| Renter Occupied HU | 8,955 (57.1%) |
| Vacant Housing Units | 1,131 ( 7.2%) |
| Median Home Value | $987,422 |
| Average Home Value | $1,137,276 |
Housing Distribution
Address Breakdown
Residential
14,895
Single Family
6,738
Multi-Family
8,157
Businesses
1,617
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Listed by: Jorgen Christiansen • Urban Realty LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #1948434
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/mls-disclaimers/#17059)