118 Maple AvenueIgnacioCO81137
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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 Ignacio at 118 Maple Avenue, Ignacio, CO, 81137 uses $115,694 cash to close to unlock $6,843/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,604/mo, and a $1,708/mo payment keeps the spread at $570/mo. Purchase price stands at $349,000, and rental yield measures 8.95% with $2,604/mo rent. Return on cash invested shows 25.82% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 134.1% and total cumulative return in cash records $155,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,604/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81137, Ignacio, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,416 (63.6%) |
| Renter Occupied HU | 587 (26.3%) |
| Vacant Housing Units | 225 (10.1%) |
| Median Home Value | $574,265 |
| Average Home Value | $643,316 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,261
Multi-Family
25
Businesses
121
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Listed by: Dorothy Johnson • R1 Colorado
Mls Name: CREN
Mls Provider:
Mls ID: #824206
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.