1135 Florida Rd APT B24DurangoCO81301
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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 Durango at 1135 Florida Rd APT B24, Durango, CO, 81301 uses $99,119 cash to close to unlock $2,759/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,972/mo, and a $1,463/mo payment keeps the spread at $230/mo. Purchase price stands at $299,000, and rental yield measures 7.91% with $1,972/mo rent. Return on cash invested shows 22.69% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash records $116,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,972/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81301, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 8,304 (47.9%) |
| Renter Occupied HU | 5,706 (32.9%) |
| Vacant Housing Units | 3,315 (19.1%) |
| Median Home Value | $715,239 |
| Average Home Value | $792,766 |
Housing Distribution
Address Breakdown
Residential
14,982
Single Family
14,372
Multi-Family
610
Businesses
1,520
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Listed by: Lisa Govreau • RE/MAX Pinnacle
Mls Name: CREN
Mls Provider:
Mls ID: #820789
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.