7042 County Road 92Lake GeorgeCO80827
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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 Lake George at 7042 County Road 92, Lake George, CO, 80827 uses $106,080 cash to close to unlock $2,128/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $2,042/mo, and a $1,566/mo payment keeps the spread at $177/mo. Purchase price stands at $320,000, and rental yield measures 7.66% with $2,042/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 113.14% and total cumulative return in cash records $120,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,042/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80827, Lake George, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,329 (100%) |
| Owner Occupied HU | 473 (35.6%) |
| Renter Occupied HU | 62 ( 4.7%) |
| Vacant Housing Units | 794 (59.7%) |
| Median Home Value | $486,638 |
| Average Home Value | $548,044 |
Housing Distribution
Address Breakdown
Residential
366
Single Family
366
Multi-Family
0
Businesses
43
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Listed by: Nathan Johnson ABR CRS GRI MRP • RE/MAX Real Estate Group LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1598409
Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.