6054 Iris WayArvadaCO80004
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 6054 Iris Way, Arvada, CO, 80004 in Arvada: $3,846/mo in rent, $723/mo in net income, 8.61% gross yield, 1.60 DSCR, all at $535,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $148,059 in appreciation and $4,936/yr in principal paydown projects total cumulative return of $248,864.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.8% |
| Monthly Cash Flow | $723 | $320 |
City averages based on Arvada market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,846 |
| Total Monthly Debt Service | $2,910 |
| DSCR Ratio | 1.32x |
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 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80004, Arvada, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,426 (100%) |
| Owner Occupied HU | 10,128 (65.7%) |
| Renter Occupied HU | 4,758 (30.8%) |
| Vacant Housing Units | 540 ( 3.5%) |
| Median Home Value | $659,177 |
| Average Home Value | $714,830 |
Housing Distribution
Address Breakdown
Residential
15,136
Single Family
13,107
Multi-Family
2,029
Businesses
385
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 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80004, Arvada, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,426 (100%) |
| Owner Occupied HU | 10,128 (65.7%) |
| Renter Occupied HU | 4,758 (30.8%) |
| Vacant Housing Units | 540 ( 3.5%) |
| Median Home Value | $659,177 |
| Average Home Value | $714,830 |
Housing Distribution
Address Breakdown
Residential
15,136
Single Family
13,107
Multi-Family
2,029
Businesses
385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Smith • Keller Williams Avenues Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #6148427
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)