7040 W 20th Avenue Unit 206LakewoodCO80214
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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 Lakewood at 7040 W 20th Avenue Unit 206, Lakewood, CO, 80214 uses $97,793 cash to close to unlock $68/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $1,444/mo payment keeps the spread at $6/mo. Purchase price stands at $295,000, and rental yield measures 7.83% with $1,926/mo rent. Return on cash invested shows 19.98% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 103.63% and total cumulative return in cash records $101,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$201 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80214, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,024 (100%) |
| Owner Occupied HU | 4,380 (31.2%) |
| Renter Occupied HU | 8,313 (59.3%) |
| Vacant Housing Units | 1,331 ( 9.5%) |
| Median Home Value | $653,472 |
| Average Home Value | $711,831 |
Housing Distribution
Address Breakdown
Residential
12,571
Single Family
7,906
Multi-Family
4,665
Businesses
1,133
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Listed by: Paul Lucero • CHEERFUL HOMES
Mls Name: REcolorado
Mls Provider:
Mls ID: #5732961
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