113 E Spruce StWalsenburgCO81089
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Walsenburg at 113 E Spruce St, Walsenburg, CO, 81089 offers $1,907/mo rent that, after a $1,145/mo payment, leaves $544/mo cash flow. Total monthly income is $1,907/mo, and annual cash flow is $6,523/yr on $77,571 cash. Return on cash invested measures 28.32% in year one, and rental yield stands at 9.78% at a $234,000 entry. Equity gained on principal adds $1,510/yr while 5% annual appreciation compounds into $64,650 by year five. Five-year ROI records 147.48% and total cumulative return in cash reaches $114,399. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,907/mo property income versus a $1,145/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81089, Walsenburg, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,751 (100%) |
| Owner Occupied HU | 1,511 (54.9%) |
| Renter Occupied HU | 716 (26.0%) |
| Vacant Housing Units | 524 (19.0%) |
| Median Home Value | $297,263 |
| Average Home Value | $373,240 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
2,078
Multi-Family
0
Businesses
253
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Listed by: Lori E. Cordova • Bachman & Associates
Mls Name: Spanish Peaks BOR
Mls ID: #24-1065
Disclaimer: Copyright Spanish Peaks MLS. All rights reserved. Information is deemed reliable but not guaranteed.