6940 E Girard Ave APT 108DenverCO80224
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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 Denver at 6940 E Girard Ave APT 108, Denver, CO, 80224 generates $2,502/mo in rent and, after a $1,569/mo payment, leaves $150/mo in cash flow. Total monthly income is $2,502/mo, and annual cash flow is $1,798/yr on $106,246 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 9.37% on a $320,500 entry. Equity gained on principal adds $2,068/yr, while 5% annual appreciation builds toward $88,548 over five years. Five-year ROI reaches 113.42% and total cumulative return in cash sums $120,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1,380 sqft lot
$N/A/sqft
$484 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
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