2116 Mead Lane #BMontroseCO81401
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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 2116 Mead Lane #B, Montrose, CO, 81401 offers a 8.44% rental yield on a $338,888 purchase with $2,384/mo rent. Total monthly income registers $2,384/mo, and a $1,659/mo payment leaves $409/mo available for distribution. Annual cash flow reaches $4,905/yr on $112,341 to close, and return on cash invested stands at 24.27% in year one. Equity gained on principal adds $2,187/yr while 5% annual appreciation supports $93,629 over five years. Portfolio math shows five-year ROI at 125.78% and total cumulative return in cash at $141,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,384/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2003
6,969 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: Adam Renfrow • Renfrow Realty
Mls Name: CREN
Mls Provider:
Mls ID: #823330
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.