1506 Aldridge RdCortezCO81321
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
Investment Highlights
Rental property for sale in Cortez at 1506 Aldridge Rd, Cortez, CO, 81321 priced at $299,000 converts $1,758/mo rent into $16/mo cash flow after a $1,463/mo obligation. Total monthly income equals $1,758/mo, and annual cash flow totals $191/yr on $99,119 invested. Return on cash invested prints 20.1% in year one, and rental yield reads 7.06% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 103.39% and total cumulative return in cash sums $102,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,758/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tierney Skahill • R1 Colorado
Mls Name: CREN
Mls Provider:
Mls ID: #821038
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.