7615 E Quincy Avenue Unit 303DenverCO80237
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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 7615 E Quincy Avenue Unit 303, Denver, CO, 80237 uses $62,985 cash to close to unlock $848/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $1,636/mo, and a $930/mo payment keeps the spread at $71/mo. Purchase price stands at $190,000, and rental yield measures 10.33% with $1,636/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 112.77% and total cumulative return in cash records $71,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,636/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$458 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80237, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,716 (100%) |
| Owner Occupied HU | 4,826 (35.2%) |
| Renter Occupied HU | 7,919 (57.7%) |
| Vacant Housing Units | 971 ( 7.1%) |
| Median Home Value | $668,831 |
| Average Home Value | $717,911 |
Housing Distribution
Address Breakdown
Residential
12,042
Single Family
4,429
Multi-Family
7,613
Businesses
1,065
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Listed by: Melody Switzer • Colorado Home Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #8014037
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)