6890 E Mississippi Avenue #BDenverCO80224
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
Investment property for sale in Denver at 6890 E Mississippi Avenue #B, Denver, CO, 80224 uses $112,710 cash to close to unlock $5,312/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $2,921/mo, and a $1,664/mo payment keeps the spread at $443/mo. Purchase price stands at $340,000, and rental yield measures 10.31% with $2,921/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 129.57% and total cumulative return in cash records $146,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,921/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$497 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80224, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,486 (100%) |
| Owner Occupied HU | 4,711 (49.7%) |
| Renter Occupied HU | 4,143 (43.7%) |
| Vacant Housing Units | 632 ( 6.7%) |
| Median Home Value | $657,439 |
| Average Home Value | $720,743 |
Housing Distribution
Address Breakdown
Residential
8,708
Single Family
4,958
Multi-Family
3,750
Businesses
638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Parkhurst • Parkhurst Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #9611628
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)