642 Independence DrLongmontCO80504
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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
Rental property for sale in Longmont at 642 Independence Dr, Longmont, CO, 80504 priced at $524,500 converts $2,874/mo rent into after a $2,567/mo obligation. Total monthly income equals $2,874/mo. Return on cash invested prints 18.79% in year one, and rental yield reads 6.58% against a $524,500 entry. Equity gained on principal adds $3,385/yr, while 5% annual appreciation compiles into $144,910 by year five. Five-year ROI reaches 96.35% and total cumulative return in cash sums $166,256. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,874/mo property income covering a $2,567/mo payment, not borrower’s personal income.
Single Family
Built in 1977
9,451 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80504, Longmont, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,861 (100%) |
| Owner Occupied HU | 18,264 (70.6%) |
| Renter Occupied HU | 6,346 (24.5%) |
| Vacant Housing Units | 1,251 ( 4.8%) |
| Median Home Value | $627,380 |
| Average Home Value | $693,936 |
Housing Distribution
Address Breakdown
Residential
24,236
Single Family
21,852
Multi-Family
2,384
Businesses
987
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