20280 Highway 160 Highway #301CDurangoCO81303
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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 Durango at 20280 Highway 160 Highway #301C, Durango, CO, 81303 uses $82,875 cash to close to unlock $10,424/yr annual cash flow and $869/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,224/mo payment keeps the spread at $869/mo. Purchase price stands at $250,000, and rental yield measures 11.16% with $2,326/mo rent. Return on cash invested shows 32.49% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 169.83% and total cumulative return in cash records $140,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81303, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 2,521 (61.8%) |
| Renter Occupied HU | 1,152 (28.2%) |
| Vacant Housing Units | 405 ( 9.9%) |
| Median Home Value | $636,118 |
| Average Home Value | $675,172 |
Housing Distribution
Address Breakdown
Residential
3,584
Single Family
3,360
Multi-Family
224
Businesses
387
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