632 Myrtle AveCanon CityCO81212
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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
Investment property for sale in Canon City at 632 Myrtle Ave, Canon City, CO, 81212 with 5% annual appreciation on a $270,000 basis while $1,694/mo rent supports operations. Total monthly income totals $1,694/mo and a $1,322/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,440/yr on $89,505 deployed, and return on cash invested reaches 21.52% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 7.53%. Five-year ROI measures 110.98% and total cumulative return in cash totals $99,337.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,694/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1908
0.30 Acres 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
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Listed by: Chris M. Montoya • Keller Williams Performance Realty
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #9741408
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