218 Rio Grande AvePaoniaCO81428
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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 Paonia at 218 Rio Grande Ave, Paonia, CO, 81428 at $449,000 posts ROI 16.59% with from $2,206/mo rent. Total monthly income equals $2,206/mo. Return on cash invested measures 16.59% and rental yield reads 5.9% at the current $449,000. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 by year five. Five-year ROI prints 84.58% and total cumulative return in cash totals $125,896. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,206/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1903
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
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Listed by: Marsha Brezonick • Needlerock Mountain Realty and Land, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #815975
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.