1007 S 3rd StreetMontroseCO81401
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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 Montrose at 1007 S 3rd Street, Montrose, CO, 81401 uses $102,434 cash to close to unlock $2,347/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $1,512/mo payment keeps the spread at $196/mo. Purchase price stands at $309,000, and rental yield measures 7.75% with $1,996/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 114.66% and total cumulative return in cash records $117,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1912
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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