1450 L StreetSalidaCO81201
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable, bankable, and well-priced, 1450 L Street, Salida, CO, 81201 in Salida delivers $3,617/mo in gross rent and $266/mo in net monthly income at a $575,000 entry. The 7.55% yield and 1.40 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $158,862 over five years and $5,296/yr in equity from loan paydown, total projected return is $234,259.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.0% |
| Monthly Cash Flow | $266 | $1,500 |
City averages based on Salida market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,617 |
| Total Monthly Debt Service | $3,122 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1979
0.35 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1979
0.35 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Gomez • HomeSmart Preferred Realty
Mls Name: REcolorado
Mls Provider:
Mls ID: #9652004
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)