7770 W 38th Avenue #108Wheat RidgeCO80033
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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 Wheat Ridge at 7770 W 38th Avenue #108, Wheat Ridge, CO, 80033 generates $1,579/mo in rent and, after a $1,052/mo payment, leaves $326/mo in cash flow. Total monthly income is $1,579/mo, and annual cash flow is $3,916/yr on $71,273 invested. Return on cash invested sits at 25.4% in year one, and rental yield is 8.81% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 131.87% and total cumulative return in cash sums $93,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,579/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80033, Wheat Ridge, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,335 (100%) |
| Owner Occupied HU | 6,699 (46.7%) |
| Renter Occupied HU | 6,805 (47.5%) |
| Vacant Housing Units | 831 ( 5.8%) |
| Median Home Value | $678,737 |
| Average Home Value | $752,635 |
Housing Distribution
Address Breakdown
Residential
13,331
Single Family
10,479
Multi-Family
2,852
Businesses
1,522
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Listed by: Joshua Coleman • Icon Real Estate, LLC
Mls Name: REcolorado
Mls ID: #3921114