11 3rd StPenroseCO81240
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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 Penrose at 11 3rd St, Penrose, CO, 81240 generates $3,054/mo in rent, after a $2,619/mo payment. Total monthly income is $3,054/mo. Return on cash invested sits at 19.62% in year one, and rental yield is 6.85% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 100.8% and total cumulative return in cash sums $177,424. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
9.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81240, Penrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,570 (77.3%) |
| Renter Occupied HU | 301 (14.8%) |
| Vacant Housing Units | 159 ( 7.8%) |
| Median Home Value | $387,263 |
| Average Home Value | $437,113 |
Housing Distribution
Address Breakdown
Residential
1,851
Single Family
1,851
Multi-Family
0
Businesses
145
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Listed by: Della A. Rieger • Coming Home Realty
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #71754
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