805 Spruce Mountain DrDrakeCO80515
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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 Drake at 805 Spruce Mountain Dr, Drake, CO, 80515 priced at $749,900 pairs $3,793/mo rent with after a $3,670/mo payment. Total monthly income equals $3,793/mo. Return on cash invested is 17.25% in year one, and rental yield stands at 6.07% on a $749,900 basis. Equity gained on principal adds $4,839/yr, and 5% annual appreciation accumulates to $207,184 by year five. Five-year ROI measures 88.11% and total cumulative return in cash reaches $217,378. For financing, Ziffy Mortgage’s DSCR program evaluates $3,793/mo property income against a $3,670/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2002
2.04 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Autumn Mestas • Kentwood RE Northern Prop Llc
Mls Name: IRES
Mls Provider:
Mls ID: #1039558
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS.