190 Spruce RoadCimarronCO81220
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Nearby investment properties with comparable prices
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 Cimarron at 190 Spruce Road, Cimarron, CO, 81220 priced at $345,000 converts $2,195/mo rent into $184/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,195/mo, and annual cash flow totals $2,208/yr on $114,368 invested. Return on cash invested prints 21.84% in year one, and rental yield reads 7.63% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 112.71% and total cumulative return in cash sums $128,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,195/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81220, Cimarron, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 437 (100%) |
| Owner Occupied HU | 68 (15.6%) |
| Renter Occupied HU | 17 ( 3.9%) |
| Vacant Housing Units | 352 (80.5%) |
| Median Home Value | $650,000 |
| Average Home Value | $814,154 |
Housing Distribution
Address Breakdown
Residential
114
Single Family
114
Multi-Family
0
Businesses
14
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Listed by: Tammy Bensley • Arrowhead Seven Ten
Mls Name: CREN
Mls Provider:
Mls ID: #824725
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.