1001 Pitkin AveGlenwood SpringsCO81601
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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
Investment property for sale in Glenwood Springs at 1001 Pitkin Ave, Glenwood Springs, CO, 81601 listed at $610,000 pairs $8,419/mo rent with a $2,986/mo payment to leave $4,864/mo cash flow. Total monthly income runs $8,419/mo, and annual cash flow reaches $58,364/yr on $200,690 cash to close. Return on cash invested measures 49.14% in year one, and rental yield registers 16.56% at a $610,000 basis. Equity gained on principal adds $3,936/yr, and annual property appreciation at 5% supports $168,532 by year five. Five-year ROI tracks 259.1% and total cumulative return in cash totals $519,979. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,419/mo property income relative to a $2,986/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81601, Glenwood Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,173 (100%) |
| Owner Occupied HU | 3,716 (51.8%) |
| Renter Occupied HU | 2,820 (39.3%) |
| Vacant Housing Units | 637 ( 8.9%) |
| Median Home Value | $798,396 |
| Average Home Value | $888,818 |
Housing Distribution
Address Breakdown
Residential
6,731
Single Family
5,451
Multi-Family
1,280
Businesses
823
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Listed by: Ingrid L Wussow • Coldwell Banker Mason Morse-GWS
Mls Name: AGSMLS
Mls ID: #178357
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.