Investments That Still Break Even

written by Kristen Naylor

I am currently in the search of a new investment property as I prepare to sell a condo I purchased in 2017. I plan to do a 1031 exchange, which allows me to defer my capital gains taxes and to use the savings to increase my downpayment for another investment property. I will end up with just about $100,000 to work with as a downpayment. As I scoured the Denver/Boulder markets to find an investment property that could at least break even, I thought I would share these listings with our clients in case they want to invest in real estate but feel intimidated by high interest rates.

Here are the assumptions I based these off of:

20% down

A 7.5% Interest Rate (primary home rates are closer to 6.5%)

No HOA, looking up to about $475,000.

Disclaimer:

Rates, payments and downpayments required will vary based on your own loan application results and the lender you choose. These numbers are estimates, and there are many variables affecting the monthly payment and potential rents. Any buyer is to verify this information and consult with their own financial, legal and tax counsel before making any financial decisions.

Baker

710 E Alameda, Denver

**Price:** $335,000
**Details:** 1 bed, 1 bath 648 sqft
Downpayment: $67,000
Payment: $2,120
Potential Rent: $2000-$2300

Cole

3357 N Williams St, Denver

**Price:** $450,000
**Details:** 2 beds, 1 bath, 931 sqft w/yard
Downpayment: $90,000
Payment: $2,830
Potential Rent: $2,300-$2,800

RINO

3500 N Marion, Denver

**Price:** $409,500
**Details:** 2 beds, 1 bath, 760 sqft
Downpayment: $82,000
Payment: $2,583
Potential Rent: $2,200- $2,700

Baker

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