1609 Magpie Gulch StMontroseCO81401
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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 Montrose at 1609 Magpie Gulch St, Montrose, CO, 81401 earns $427/mo cash flow from $2,814/mo rent with a $1,980/mo payment. Total monthly income totals $2,814/mo, and annual cash flow totals $5,128/yr on $134,075 capital. ROI tracks 23.73% on current figures, and rental yield reads 8.35% at a $404,450 purchase. Equity gained on principal adds $2,610/yr, and 5% annual appreciation supports $111,742 over five years. Five-year ROI reaches 122.98% and total cumulative return in cash sums $164,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,814/mo property income instead of your personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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Listed by: N/A • NEXTHOME VIRTUAL
Mls Name: GJARA
Mls ID: #20242943
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.