8.1/10
Deal ScoreCard

3020 W 40th Ave, Denver, CO 80211

$575,000 For sale · 14 days
3 bd 2 ba 1,610 sqft Built 1910
Zillow
Note from sender
Numbers assume 30% down at 6.5%. Rents are RentCast estimates cross-checked against active listings.
Why this property

Under contract at $560K. The transferable STR license is rare and worth the premium; the foundation letter is the only contingency that matters.

Key Numbers

Long-term rental, at the assumptions below

Cap rate
5.63%
Cash-on-cash
0.97%
Monthly costs
$2,942/mo
mortgage, tax, insurance, HOA
Cash to close
$189,750
down payment + closing
DSCR
1.06x
NOI ÷ debt service
Break-even occupancy
91%
to cover costs + mortgage
Debt yield
8.0%
NOI ÷ loan
GRM
11.9x
price ÷ gross annual rent
Rent-to-value
0.70%
the 1% rule
Equity multiple
2.38x
10-yr hold
IRR
9.7%
10-yr hold, sold
Yr-1 return on equity
12.4%
CF + paydown + appreciation
Assumptions $575,000 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
+$153 ▼
Mid-Term Rental
30–90 day furnished · traveling pros
+$2,044 ▼
Short-Term Rental
Airbnb / VRBO · nightly stays
+$3,106 ▼
Section 8 / HUD FMR
Government-guaranteed rent
+$381 ▼
House Hack
Owner-occupant · rent other units
-$152 ▼
BRRRR Value-Add
Equity capture on rehab
-$293 ▼
Fix & Flip
One-time resale profit
— ▼

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

Sunnyside Victorian with an STR license already in place; the previous owner's bookings transfer.

Best Strategy

STR, with a licensed and reviewed listing you inherit on day one; it triples what a long-term tenant would net.

Red Flags

1910 foundation shows step cracking on the north wall; get a structural letter during inspection.

Value-Add Opportunity

Roof deck permit was approved in 2025 and never built.

Market Outlook

Sunnyside is the next Highlands; prices are up 6% in twelve months.

Comparable Sales

Recent sold properties near this address

Comp avg
~$505K
$314/sqft
Asking
$575K
$357/sqft
+14% ▲
Days on market
14 days
Suggested offer
$546K–$566K
$339–$351/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: $357/sqft

Long-Term Investment Projections

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

Net Proceeds (Yr 10)
$385,163
after 6% selling costs and loan payoff
Annualized ROI
9.1%
on $189,750 invested · vs 7% index fund
Year 1Year 2Year 3Year 5Year 10
Income
Gross rent$48,240$49,687$51,178$54,295$62,942
Vacancy$2,412$2,484$2,559$2,715$3,147
Effective rent$45,828$47,203$48,619$51,580$59,795
Operating expenses
Taxes, insurance & HOA$4,776$4,895$5,018$5,272$5,965
Mgmt, CapEx & maintenance$8,683$8,944$9,212$9,773$11,330
Total operating expenses$13,459$13,839$14,230$15,045$17,294
Net operating income$32,369$33,364$34,389$36,535$42,501
Debt service$30,529$30,529$30,529$30,529$30,529
Cash flow$1,840$2,835$3,860$6,006$11,972
Cumulative cash flow$1,840$4,675$8,535$19,458$67,027
Equity & return
Property value$592,250$610,018$628,318$666,583$772,752
Loan balance$398,001$393,201$388,079$376,784$341,224
Equity$194,249$216,816$240,239$289,798$431,528
Net proceeds if sold$158,714$180,215$202,540$249,803$385,163
Total return on $189,750 invested−$29,196−$4,860$21,325$79,512$262,440
Annualized return-15.4%-1.3%3.6%7.3%9.1%

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