16242 Farmers Mine RdPaoniaCO81428
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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 Paonia at 16242 Farmers Mine Rd, Paonia, CO, 81428 generates $2,699/mo in rent and, after a $1,476/mo payment, leaves $942/mo in cash flow. Total monthly income is $2,699/mo, and annual cash flow is $11,299/yr on $99,953 invested. Return on cash invested sits at 31.21% in year one, and rental yield is 10.74% on a $301,518 entry. Equity gained on principal adds $1,946/yr, while 5% annual appreciation builds toward $83,304 over five years. Five-year ROI reaches 162.98% and total cumulative return in cash sums $162,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,699/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 2021
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
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