515 Mystic AveCanon CityCO81212
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow515 Mystic Ave, Canon City, CO, 81212 in Canon City is a top-tier cash-flow asset. At $163,200 it produces $2,635/mo in rent and $1,684/mo in net monthly income, a 19.38% gross rental yield. The DSCR of 3.59 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $20,209. Five-year appreciation adds $45,089, driving a total cumulative return of $169,991.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.4% | 6.5% |
| Monthly Cash Flow | $1,684 | $200 |
City averages based on Canon City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,635 |
| Total Monthly Debt Service | $886 |
| DSCR Ratio | 2.97x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81212, Canon City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,040 (100%) |
| Owner Occupied HU | 8,508 (65.2%) |
| Renter Occupied HU | 3,412 (26.2%) |
| Vacant Housing Units | 1,120 ( 8.6%) |
| Median Home Value | $329,969 |
| Average Home Value | $370,937 |
Housing Distribution
Address Breakdown
Residential
12,100
Single Family
11,315
Multi-Family
785
Businesses
796
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie M. Reeves • Reeves Real Estate Llc
Mls Name: Royal Gorge AOR
Mls ID: #4822332