124 E 8th StreetSalidaCO81201
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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 Salida at 124 E 8th Street, Salida, CO, 81201 at $559,000 posts ROI 15.85% with from $2,612/mo rent. Total monthly income equals $2,612/mo. Return on cash invested measures 15.85% and rental yield reads 5.61% at the current $559,000. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 by year five. Five-year ROI prints 80.56% and total cumulative return in cash totals $148,155. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,612/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1904
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81201, Salida, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,087 (100%) |
| Owner Occupied HU | 3,380 (55.5%) |
| Renter Occupied HU | 1,684 (27.7%) |
| Vacant Housing Units | 1,023 (16.8%) |
| Median Home Value | $660,007 |
| Average Home Value | $728,067 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,286
Multi-Family
47
Businesses
913
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Listed by: Bob Gomez • HomeSmart Preferred Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #3596035
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/mls-disclaimers/#17059)