20897 Iris RoadAustinCO81410
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 20897 Iris Road, Austin, CO, 81410 in Austin speaks for itself: 11.85% gross on a $304,000 price, generating $3,002/mo in rent and $1,217/mo in net income after the $1,367/mo debt service. DSCR 2.20, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,602 stacks alongside $83,990 in projected five-year appreciation and $2,800/yr in principal reduction. Projected total cumulative return: $193,162.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $1,217 | $300 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,002 |
| Total Monthly Debt Service | $1,665 |
| DSCR Ratio | 1.80x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.