7020 E Girard Avenue #308DenverCO80224
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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 Denver at 7020 E Girard Avenue #308, Denver, CO, 80224 uses $119,307 cash to close to unlock $721/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $2,158/mo, and a $1,762/mo payment keeps the spread at $60/mo. Purchase price stands at $359,900, and rental yield measures 7.2% with $2,158/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 105.65% and total cumulative return in cash records $126,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,158/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No 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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