116 1st AvenueMonte VistaCO81144
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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 Monte Vista at 116 1st Avenue, Monte Vista, CO, 81144 listed at $171,500 pairs $1,805/mo rent with a $839/mo payment to leave $806/mo cash flow. Total monthly income runs $1,805/mo, and annual cash flow reaches $9,671/yr on $56,852 cash to close. Return on cash invested measures 36.92% in year one, and rental yield registers 12.63% at a $171,500 basis. Equity gained on principal adds $1,107/yr, and annual property appreciation at 5% supports $47,382 by year five. Five-year ROI tracks 193.58% and total cumulative return in cash totals $110,052. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,805/mo property income relative to a $839/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1928
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81144, Monte Vista, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,220 (100%) |
| Owner Occupied HU | 1,905 (59.2%) |
| Renter Occupied HU | 1,019 (31.6%) |
| Vacant Housing Units | 296 ( 9.2%) |
| Median Home Value | $248,318 |
| Average Home Value | $311,286 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,875
Multi-Family
79
Businesses
381
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Listed by: Kristy Miller • Millerstone Real Estate Group, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #825618
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.