928 Ocean Wave DriveLake CityCO81235
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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 Lake City at 928 Ocean Wave Drive, Lake City, CO, 81235 listed at $600,000 pairs $1,501/mo rent with a $2,937/mo payment. Total monthly income runs $1,501/mo. Return on cash invested measures 7.93% in year one, and rental yield registers 3% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 38.07% and total cumulative return in cash totals $75,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,501/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1983
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81235, Lake City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 259 (26.1%) |
| Renter Occupied HU | 91 ( 9.2%) |
| Vacant Housing Units | 644 (64.8%) |
| Median Home Value | $494,262 |
| Average Home Value | $627,529 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
88
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