1630 Gateway Dr UNIT 7CortezCO81321
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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 Cortez at 1630 Gateway Dr UNIT 7, Cortez, CO, 81321 generates $2,516/mo in rent and, after a $1,689/mo payment, leaves $255/mo in cash flow. Total monthly income is $2,516/mo, and annual cash flow is $3,060/yr on $114,367 invested. Return on cash invested sits at 22.58% in year one, and rental yield is 8.75% on a $344,999 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 117.66% and total cumulative return in cash sums $134,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,516/mo property income rather than buyer’s personal income.
Condo
Built in 2007
2,178 sqft lot
$N/A/sqft
$250 monthly 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
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