21980 Highway 285 #31FairplayCO80440
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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 Fairplay at 21980 Highway 285 #31, Fairplay, CO, 80440 generates $844/mo in rent, after a $514/mo payment. Total monthly income is $844/mo. Return on cash invested sits at -9.84% in year one, and rental yield is 9.65% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $844/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
387.68 sqft lot
$N/A/sqft
$13,140 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80440, Fairplay, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,160 (100%) |
| Owner Occupied HU | 1,085 (34.3%) |
| Renter Occupied HU | 336 (10.6%) |
| Vacant Housing Units | 1,739 (55.0%) |
| Median Home Value | $478,506 |
| Average Home Value | $540,797 |
Housing Distribution
Address Breakdown
Residential
71
Single Family
71
Multi-Family
0
Businesses
141
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Listed by: Katherine D. Briggs • Keller Williams Top Of Rockies
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1062055
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