1511 Asbury LnBooneCO81025
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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
Rental property for sale in Boone at 1511 Asbury Ln, Boone, CO, 81025 priced at $299,900 converts $2,226/mo rent into $430/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,226/mo, and annual cash flow totals $5,155/yr on $99,417 invested. Return on cash invested prints 25.09% in year one, and rental yield reads 8.91% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 130.4% and total cumulative return in cash sums $129,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,226/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1969
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81025, Boone, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 480 (100%) |
| Owner Occupied HU | 306 (63.7%) |
| Renter Occupied HU | 112 (23.3%) |
| Vacant Housing Units | 62 (12.9%) |
| Median Home Value | $212,857 |
| Average Home Value | $249,828 |
Housing Distribution
Address Breakdown
Residential
298
Single Family
298
Multi-Family
0
Businesses
17
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Listed by: Jeff Divelbiss • RE/MAX Of Pueblo Inc
Mls Name: PAR
Mls Provider:
Mls ID: #229810
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.