587 Snow Top DrDrakeCO80515
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 Drake at 587 Snow Top Dr, Drake, CO, 80515 priced at $419,000 converts $2,447/mo rent into $1/mo cash flow after a $2,051/mo obligation. Total monthly income equals $2,447/mo, and annual cash flow totals $9/yr on $138,899 invested. Return on cash invested prints 19.92% in year one, and rental yield reads 7.01% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 102.42% and total cumulative return in cash sums $142,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,447/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
1.74 Acres lot
$N/A/sqft
$50 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracys Team • RE/MAX Alliance-Loveland
Mls Name: IRES
Mls Provider:
Mls ID: #1014349
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.