1505 S Broadway Ave #108Red LodgeMT59068
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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 Red Lodge at 1505 S Broadway Ave #108, Red Lodge, MT, 59068 uses $58,013 cash to close to unlock $1,461/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,145/mo, and a $857/mo payment keeps the spread at $122/mo. Purchase price stands at $175,000, and rental yield measures 7.85% with $1,145/mo rent. Return on cash invested shows 22.43% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 115.91% and total cumulative return in cash records $67,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,145/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 59068, Red Lodge, MT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,011 (100%) |
| Owner Occupied HU | 1,388 (46.1%) |
| Renter Occupied HU | 518 (17.2%) |
| Vacant Housing Units | 1,105 (36.7%) |
| Median Home Value | $507,908 |
| Average Home Value | $679,272 |
Housing Distribution
Address Breakdown
Residential
446
Single Family
422
Multi-Family
24
Businesses
310
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