Westminster Income Properties for Sale

Westminster income properties for sale: the numbers this week

Three numbers frame a Westminster rental purchase: the median list price ($800K), the gross rent the building actually collects (about $5,200 a month at the median), and the cap rate after 40 percent expenses (4.7 percent at the median price). 5 Westminster income properties are for sale today from $699K to $1.3M.

The rent math on the median Westminster building

Ask the listing agent for the rent roll and twelve months of deposits before you trust any rent number; the Westminster figure above is a ratio, the building’s leases are the fact. Owner-occupants beat that math: an FHA loan on a 2- to 4-unit Westminster building takes 3.5 percent down and counts 75 percent of the other units’ rent as income. More: Financing a Colorado home.

Income properties for sale near Westminster

Questions people ask about Westminster income properties

How many income properties are for sale in Westminster right now?

5 this week, $699K to $1.3M, median $800K. The grid at the top of this page is the live MLS search for Westminster residential income listings and refreshes daily.

Can I buy a Westminster duplex or fourplex with an FHA loan?

Yes, with 3.5 percent down when you live in one unit for at least a year; the lender counts 75 percent of the other units’ market rent toward your income. More: Financing a Colorado home.

What cap rate do Westminster rental properties sell at?

On actual rents, 4.7 percent at this week's median price using a 40 percent expense load; buildings under the median run higher. A listing quoting 8 percent is quoting pro forma rents.

What does the median Westminster income property cost per month?

$3,992 of principal and interest with 25 percent down at 7 percent, plus taxes, insurance and owner-paid utilities, against about $5,200 of gross rent.

What should I check before buying a rental in Westminster?

The rent roll and bank deposits, every lease and end date, the deposit ledger, who pays water, sewer and trash, the roof and sewer line on older buildings, the legal unit count with the city, and any short-term rental that the city does not license. More: Seller concessions for Colorado buyers.

Where else near Westminster are income properties for sale?

Denver (121), Colorado Springs (36), Greeley (29), Aurora (28); the table above links each one, and Colorado income properties for sale is the statewide map.