117 N Polk AveWalsenburgCO81089
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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 Walsenburg at 117 N Polk Ave, Walsenburg, CO, 81089 uses $99,119 cash to close to unlock $6,683/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,299/mo, and a $1,463/mo payment keeps the spread at $557/mo. Purchase price stands at $299,000, and rental yield measures 9.23% with $2,299/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 138.51% and total cumulative return in cash records $137,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,299/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1932
7,840 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: #25-1244