1017 Wheel DrCarbondaleCO81623
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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 Carbondale at 1017 Wheel Dr, Carbondale, CO, 81623 priced at $949,000 converts $5,317/mo rent into after a $4,645/mo obligation. Total monthly income equals $5,317/mo. Return on cash invested prints 17.59% in year one, and rental yield reads 6.72% against a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation compiles into $262,191 by year five. Five-year ROI reaches 90.5% and total cumulative return in cash sums $282,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,317/mo property income covering a $4,645/mo payment, not borrower’s personal income.
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$429 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81623, Carbondale, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,122 (100%) |
| Owner Occupied HU | 4,159 (58.4%) |
| Renter Occupied HU | 2,079 (29.2%) |
| Vacant Housing Units | 884 (12.4%) |
| Median Home Value | $942,676 |
| Average Home Value | $1,129,471 |
Housing Distribution
Address Breakdown
Residential
6,364
Single Family
5,688
Multi-Family
676
Businesses
784
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Listed by: Sally Shiekman • Aspen Snowmass Sotheby's International Realty - Hyman Mall
Mls Name: AGSMLS
Mls ID: #186149
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.