1609 Underhill Dr UNIT 3Fort CollinsCO80526
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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 Fort Collins at 1609 Underhill Dr UNIT 3, Fort Collins, CO, 80526 generates $2,126/mo in rent and, after a $1,380/mo payment, leaves $358/mo in cash flow. Total monthly income is $2,126/mo, and annual cash flow is $4,294/yr on $93,483 invested. Return on cash invested sits at 24.5% in year one, and rental yield is 9.05% on a $282,000 entry. Equity gained on principal adds $1,820/yr, while 5% annual appreciation builds toward $77,911 over five years. Five-year ROI reaches 127.57% and total cumulative return in cash sums $119,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,126/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1,264 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80526, Fort Collins, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,461 (100%) |
| Owner Occupied HU | 10,534 (54.1%) |
| Renter Occupied HU | 8,258 (42.4%) |
| Vacant Housing Units | 669 ( 3.4%) |
| Median Home Value | $573,211 |
| Average Home Value | $621,460 |
Housing Distribution
Address Breakdown
Residential
19,409
Single Family
16,264
Multi-Family
3,145
Businesses
545
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Listed by: Jamie Goodvin • JPAR Modern Real Estate
Mls Name: IRES
Mls Provider:
Mls ID: #1029188
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.