1102 S ChestnutCortezCO81321
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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 Cortez at 1102 S Chestnut, Cortez, CO, 81321 listed at $230,000 pairs $1,562/mo rent with a $1,126/mo payment to leave $221/mo cash flow. Total monthly income runs $1,562/mo, and annual cash flow reaches $2,656/yr on $76,245 cash to close. Return on cash invested measures 23.39% in year one, and rental yield registers 8.15% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 121.09% and total cumulative return in cash totals $92,323. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,562/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.46 Acres 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: Jessica Likes • Century 21 West Slope Realty
Mls Name: CREN
Mls Provider:
Mls ID: #826683
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