7777 E 23rd Avenue Unit 1405DenverCO80238
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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 7777 E 23rd Avenue Unit 1405, Denver, CO, 80238 generates $3,323/mo in rent, after a $2,668/mo payment. Total monthly income is $3,323/mo. Return on cash invested sits at 16.52% in year one, and rental yield is 7.32% on a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation builds toward $150,573 over five years. Five-year ROI reaches 85.82% and total cumulative return in cash sums $153,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,323/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$489 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80238, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,298 (100%) |
| Owner Occupied HU | 8,353 (62.8%) |
| Renter Occupied HU | 3,572 (26.9%) |
| Vacant Housing Units | 1,373 (10.3%) |
| Median Home Value | $894,472 |
| Average Home Value | $979,215 |
Housing Distribution
Address Breakdown
Residential
12,385
Single Family
9,323
Multi-Family
3,062
Businesses
474
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Listed by: Nicholas Leibbrand • Compass - Denver
Mls Name: REcolorado
Mls Provider:
Mls ID: #8723335
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