1111 2nd StreetPaoniaCO81428
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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 Paonia at 1111 2nd Street, Paonia, CO, 81428 uses $97,793 cash to close to unlock $3,116/yr annual cash flow and $260/mo monthly cash flow. Total monthly income runs $1,979/mo, and a $1,444/mo payment keeps the spread at $260/mo. Purchase price stands at $295,000, and rental yield measures 8.05% with $1,979/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 119.46% and total cumulative return in cash records $116,822. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,979/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
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