122 Otero AveOrdwayCO81063
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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
Rental property for sale in Ordway at 122 Otero Ave, Ordway, CO, 81063 priced at $155,000 converts $1,981/mo rent into $1,077/mo cash flow after a $759/mo obligation. Total monthly income equals $1,981/mo, and annual cash flow totals $12,928/yr on $51,383 invested. Return on cash invested prints 45.07% in year one, and rental yield reads 15.34% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 237.33% and total cumulative return in cash sums $121,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,981/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1907
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81063, Ordway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 480 (59.8%) |
| Renter Occupied HU | 229 (28.5%) |
| Vacant Housing Units | 94 (11.7%) |
| Median Home Value | $121,875 |
| Average Home Value | $187,453 |
Housing Distribution
Address Breakdown
Residential
706
Single Family
680
Multi-Family
26
Businesses
100
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Listed by: Beth Howe • Great Plains Land Company, LLC
Mls Name: PAR
Mls Provider:
Mls ID: #233443
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.