2030 Elbert StMontroseCO81401
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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 Montrose at 2030 Elbert St, Montrose, CO, 81401 earns $295/mo cash flow from $2,294/mo rent with a $1,679/mo payment. Total monthly income totals $2,294/mo, and annual cash flow totals $3,538/yr on $113,705 capital. ROI tracks 23.02% on current figures, and rental yield reads 8.03% at a $343,000 purchase. Equity gained on principal adds $2,213/yr, and 5% annual appreciation supports $94,765 over five years. Five-year ROI reaches 119.03% and total cumulative return in cash sums $135,348. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,294/mo property income instead of your personal income.
Manufactured
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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Listed by: Pamela La Pointe • CENTURY 21 Elevated Real Estate
Mls Name: CREN
Mls Provider:
Mls ID: #820099
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.