1301 Red Mountain DriveLake CityCO81235
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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 Lake City at 1301 Red Mountain Drive, Lake City, CO, 81235 with 5% annual appreciation on a $1,100,000 basis while $3,493/mo rent supports operations. 55% in year one. Equity gained on principal adds $7,098/yr, and five-year appreciation sums $303,910 alongside rental yield of 3.81%. Five-year ROI measures 52.06% and total cumulative return in cash totals $185,527. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,493/mo property income versus a $5,384/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
5.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81235, Lake City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 259 (26.1%) |
| Renter Occupied HU | 91 ( 9.2%) |
| Vacant Housing Units | 644 (64.8%) |
| Median Home Value | $494,262 |
| Average Home Value | $627,529 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
88
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