542 Harris DriveIdaho SpringsCO80452
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
Investment Highlights
Rental property for sale in Idaho Springs at 542 Harris Drive, Idaho Springs, CO, 80452 priced at $475,000 converts $3,312/mo rent into $544/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,312/mo, and annual cash flow totals $6,524/yr on $157,463 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 8.37% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 124.59% and total cumulative return in cash sums $196,183. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,312/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80452, Idaho Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,112 (100%) |
| Owner Occupied HU | 1,082 (51.2%) |
| Renter Occupied HU | 518 (24.5%) |
| Vacant Housing Units | 512 (24.2%) |
| Median Home Value | $518,997 |
| Average Home Value | $654,965 |
Housing Distribution
Address Breakdown
Residential
690
Single Family
690
Multi-Family
0
Businesses
203
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Nearby investment properties with comparable prices
Listed by: Christine A Turner • Chris Turner Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #1787790
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