8.1/10
Deal ScoreCard

1105 S Zenobia St, Denver, CO 80219

$449,000 For sale · 21 days
3 bd 2 ba 1,520 sqft Built 1958
Zillow
Note from sender
Numbers assume 30% down at 6.5%. Rents are RentCast estimates cross-checked against active listings.
Why this property

Strongest long-term cashflow of the three at the lowest price, and the only one where short-term rental is allowed by right. The plumbing is the known cost; everything else is cosmetic.

Key Numbers

Long-term rental, at the assumptions below

Cap rate
6.66%
Cash-on-cash
4.11%
Monthly costs
$2,327/mo
mortgage, tax, insurance, HOA
Cash to close
$148,170
down payment + closing
DSCR
1.26x
NOI ÷ debt service
Break-even occupancy
81%
to cover costs + mortgage
Debt yield
9.5%
NOI ÷ loan
GRM
10.2x
price ÷ gross annual rent
Rent-to-value
0.82%
the 1% rule
Equity multiple
2.74x
10-yr hold
IRR
12.3%
10-yr hold, sold
Yr-1 return on equity
15.6%
CF + paydown + appreciation
Assumptions $449,000 30.0% down 6.5% rate 30-yr loan

Cashflow by Strategy

Monthly net cashflow after all expenses — tap any row to see full assumptions

Long-Term Rental
12+ month lease · most passive
+$507 ▼
Mid-Term Rental
30–90 day furnished · traveling pros
+$2,211 ▼
Short-Term Rental
Airbnb / VRBO · nightly stays
+$734 ▼
Section 8 / HUD FMR
Government-guaranteed rent
+$715 ▼
House Hack
Owner-occupant · rent other units
+$224 ▼
BRRRR Value-Add
Equity capture on rehab
+$200 ▼
Fix & Flip
One-time resale profit
-$26,896 ▼

AI Caddie’s Take

AI analysis reflects assumptions at time of last re-analysis. Numbers may differ if assumptions were updated after.

Caddie’s Call

A clean mid-tier rental with real STR upside; the numbers work at asking if you self-manage year one.

Best Strategy

Mid-term furnished stays clear the long-term rent by a wide margin here; STR is licensed by right and lands between the two.

Red Flags

1958 build with original galvanized plumbing per the listing photos; budget $8-12K for a re-pipe within three years.

Value-Add Opportunity

Finish the basement (bath already roughed in) to add a fourth bedroom.

Market Outlook

Southwest Denver is flat on price and up about 3% on rents year over year.

Comparable Sales

Recent sold properties near this address

Comp avg
~$475K
$314/sqft
Asking
$449K
$295/sqft
−6% ▼
Days on market
21 days
Suggested offer
$427K–$442K
$280–$290/sqft
# Recently Sold Bed/Ba Sqft $/Sqft Price Sold vs Avg
1 1130 S Yates St, Denver, CO 80219 ↗ 3/2 · 1,420 sqft · Jul 2026 3/2 1,420 $325 $462,000 Jul 2026
2 1088 S Zenobia St, Denver, CO 80219 ↗ 3/1 · 1,380 sqft · Jun 2026 3/1 1,380 $318 $439,000 Jun 2026
3 1211 S Wolff St, Denver, CO 80219 ↗ 4/2 · 1,690 sqft · May 2026 4/2 1,690 $299 $505,000 May 2026

Comparable sales data captured at time of analysis. Subject property: $295/sqft

Long-Term Investment Projections

3% appreciation · 3% rent growth · 2.5% expense growth · 10-year hold · LTR strategy

Net Proceeds (Yr 10)
$300,762
after 6% selling costs and loan payoff
Annualized ROI
10.6%
on $148,170 invested · vs 7% index fund
Year 1Year 2Year 3Year 5Year 10
Income
Gross rent$44,160$45,485$46,849$49,702$57,619
Vacancy$2,208$2,274$2,342$2,485$2,881
Effective rent$41,952$43,211$44,507$47,217$54,738
Operating expenses
Taxes, insurance & HOA$4,080$4,182$4,287$4,504$5,095
Mgmt, CapEx & maintenance$7,949$8,187$8,433$8,946$10,371
Total operating expenses$12,029$12,369$12,719$13,450$15,467
Net operating income$29,923$30,841$31,787$33,767$39,271
Debt service$23,839$23,839$23,839$23,839$23,839
Cash flow$6,084$7,002$7,948$9,928$15,432
Cumulative cash flow$6,084$13,086$21,035$39,886$105,708
Equity & return
Property value$462,470$476,344$490,634$520,514$603,418
Loan balance$310,787$307,039$303,039$294,219$266,451
Equity$151,683$169,305$187,595$226,295$336,967
Net proceeds if sold$123,935$140,725$158,157$195,064$300,762
Total return on $148,170 invested−$18,151$5,641$31,022$86,780$258,300
Annualized return-12.3%1.9%6.5%9.7%10.6%

Year 1 is today's rent and costs. Rent grows from year 2; taxes, insurance, HOA and line items grow at the expense rate; management, CapEx and maintenance stay a % of rent. Sale assumes 6% selling costs; cash invested is the down payment plus closing costs. For illustration only — actual returns will vary.

Jordan Ellis
Jordan Ellis
Investor-Focused Agent · Denver
Front Range Realty Group · Lic. FA.100099123

I work with out-of-state and first-time investors buying rentals along the Front Range. Every property I send comes with the numbers, not a brochure.

3035550110 Email Website →
Prepared by Jordan Ellis · Front Range Realty Group · Powered by DealCaddie.ai