720 16th Street #207DenverCO80202
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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 720 16th Street #207, Denver, CO, 80202 generates $2,134/mo in rent and, after a $1,566/mo payment, leaves $269/mo in cash flow. Total monthly income is $2,134/mo, and annual cash flow is $3,232/yr on $106,080 invested. Return on cash invested sits at 22.96% in year one, and rental yield is 8% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 118.74% and total cumulative return in cash sums $125,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,134/mo property income rather than buyer’s personal income.
Condo
Built in 1905
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80202, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,689 (100%) |
| Owner Occupied HU | 2,637 (18.0%) |
| Renter Occupied HU | 9,784 (66.6%) |
| Vacant Housing Units | 2,268 (15.4%) |
| Median Home Value | $939,050 |
| Average Home Value | $1,004,690 |
Housing Distribution
Address Breakdown
Residential
14,789
Single Family
71
Multi-Family
14,718
Businesses
2,959
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