119 Akard AvenueMontroseCO81401
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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 Montrose at 119 Akard Avenue, Montrose, CO, 81401 with 5% annual appreciation on a $425,000 basis while $2,864/mo rent supports operations. Total monthly income totals $2,864/mo and a $2,080/mo payment preserves $387/mo for cash returns. Annual cash flow comes to $4,648/yr on $140,888 deployed, and return on cash invested reaches 23.21% in year one. Equity gained on principal adds $2,742/yr, and five-year appreciation sums $117,420 alongside rental yield of 8.09%. Five-year ROI measures 120.07% and total cumulative return in cash totals $169,169.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,864/mo property income versus a $2,080/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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Listed by: Barbara Rock • Phelps Real Estate Group
Mls Name: CREN
Mls Provider:
Mls ID: #826981
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.