20897 Iris RoadAustinCO81410
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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 Austin at 20897 Iris Road, Austin, CO, 81410 generates $3,002/mo in rent and, after a $1,488/mo payment, leaves $1,216/mo in cash flow. Total monthly income is $3,002/mo, and annual cash flow is $14,596/yr on $100,776 invested. Return on cash invested sits at 34.39% in year one, and rental yield is 11.85% on a $304,000 entry. Equity gained on principal adds $1,962/yr, while 5% annual appreciation builds toward $83,990 over five years. Five-year ROI reaches 180.12% and total cumulative return in cash sums $181,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,002/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81410, Austin, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 662 (73.6%) |
| Renter Occupied HU | 159 (17.7%) |
| Vacant Housing Units | 78 ( 8.7%) |
| Median Home Value | $420,476 |
| Average Home Value | $427,492 |
Housing Distribution
Address Breakdown
Residential
784
Single Family
784
Multi-Family
0
Businesses
50
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Listed by: Marsha Bryan • RE/MAX Mountain West, Inc. - Cedaredge
Mls Name: CREN
Mls Provider:
Mls ID: #825704
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.