1004 Elm AveCollbranCO81624
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Collbran rental at 1004 Elm Ave, Collbran, CO, 81624 sits in the solid-income band: 8.65% gross yield, $1,369/mo rent, $262/mo net after the $854/mo debt service, DSCR 1.60. Entry price of $190,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $52,494 and $1,750/yr in principal reduction bring total cumulative return to $88,635.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $262 | $1,500 |
City averages based on Collbran market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,369 |
| Total Monthly Debt Service | $1,032 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1919
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81624, Collbran, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 876 (100%) |
| Owner Occupied HU | 459 (52.4%) |
| Renter Occupied HU | 123 (14.0%) |
| Vacant Housing Units | 294 (33.6%) |
| Median Home Value | $677,455 |
| Average Home Value | $1,054,635 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1919
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81624, Collbran, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 876 (100%) |
| Owner Occupied HU | 459 (52.4%) |
| Renter Occupied HU | 123 (14.0%) |
| Vacant Housing Units | 294 (33.6%) |
| Median Home Value | $677,455 |
| Average Home Value | $1,054,635 |
Housing Distribution
Address Breakdown
Residential
395
Single Family
395
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Donaldson • Bray Real Estate
Mls Name: AGSMLS
Mls ID: #187964
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.