1006 S Chestnut StCortezCO81321
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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
Rental property for sale in Cortez at 1006 S Chestnut St, Cortez, CO, 81321 generates $2,666/mo in rent and, after a $1,586/mo payment, leaves $778/mo in cash flow. Total monthly income is $2,666/mo, and annual cash flow is $9,331/yr on $107,406 invested. Return on cash invested sits at 28.6% in year one, and rental yield is 9.87% on a $323,999 entry. Equity gained on principal adds $2,091/yr, while 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 148.96% and total cumulative return in cash sums $159,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,666/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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Listed by: Cody Wells • Xtrov
Mls Name: CREN
Mls Provider:
Mls ID: #820771
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.