215 W 4th St NCheyenne WellsCO80810
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
Investment Highlights
Rental property for sale in Cheyenne Wells at 215 W 4th St N, Cheyenne Wells, CO, 80810 priced at $275,000 converts $1,868/mo rent into $265/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,868/mo, and annual cash flow totals $3,184/yr on $91,163 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.15% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 121.13% and total cumulative return in cash sums $110,423. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1903
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80810, Cheyenne Wells, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 521 (100%) |
| Owner Occupied HU | 319 (61.2%) |
| Renter Occupied HU | 99 (19.0%) |
| Vacant Housing Units | 103 (19.8%) |
| Median Home Value | $301,429 |
| Average Home Value | $389,545 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
59
Multi-Family
17
Businesses
90
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Buffy Kampf • Worth Clark Realty
Mls Name: IRES
Mls Provider:
Mls ID: #1018024
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.