896 N Vernon DriveCentral CityCO80427
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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 Central City at 896 N Vernon Drive, Central City, CO, 80427 uses $152,490 cash to close to unlock $932/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $3,008/mo, and a $2,251/mo payment keeps the spread at $78/mo. Purchase price stands at $460,000, and rental yield measures 7.85% with $3,008/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 106.36% and total cumulative return in cash records $162,181. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,008/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Townhouse
Built in 2009
1,350 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80427, Central City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 305 (40.1%) |
| Renter Occupied HU | 238 (31.3%) |
| Vacant Housing Units | 217 (28.6%) |
| Median Home Value | $418,952 |
| Average Home Value | $440,352 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
58
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Nearby investment properties with comparable prices
Listed by: Curtis Wehr • Legacy 100 Real Estate Partners LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #5355537
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