975 S Miller Street Unit 302LakewoodCO80226
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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
Total monthly income runs $2,014/mo, and a $1,659/mo payment. Purchase price stands at $339,000, and rental yield measures 7.13% with $2,014/mo rent. Return on cash invested shows 17.09% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 88.4% and total cumulative return in cash records $99,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,014/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$303 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80226, Denver, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,091 (100%) |
| Owner Occupied HU | 7,137 (50.6%) |
| Renter Occupied HU | 6,307 (44.8%) |
| Vacant Housing Units | 647 ( 4.6%) |
| Median Home Value | $625,983 |
| Average Home Value | $680,711 |
Housing Distribution
Address Breakdown
Residential
14,180
Single Family
10,431
Multi-Family
3,749
Businesses
1,224
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Listed by: Georgianna Dirga • Your Castle Real Estate Inc
Mls Name: REcolorado
Mls Provider:
Mls ID: #8557749
Disclaimer: 2023 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)