765 2nd StPalmer LakeCO80133
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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 Palmer Lake at 765 2nd St, Palmer Lake, CO, 80133 generates $2,400/mo in rent, after a $2,384/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 16.65% in year one, and rental yield is 5.91% on a $487,000 entry. Equity gained on principal adds $3,143/yr, while 5% annual appreciation builds toward $134,549 over five years. Five-year ROI reaches 84.9% and total cumulative return in cash sums $137,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80133, Palmer Lake, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 915 (81.6%) |
| Renter Occupied HU | 137 (12.2%) |
| Vacant Housing Units | 70 ( 6.2%) |
| Median Home Value | $693,403 |
| Average Home Value | $752,503 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
336
Multi-Family
0
Businesses
170
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Listed by: Tricia Flake • Main Street Brokers
Mls Name: Pikes Peak MLS
Mls ID: #1916954