21980 Highway 285 #31FairplayCO80440
INVESTMENT ANALYSIS
Investment Verdict
Solid Income21980 Highway 285 #31, Fairplay, CO, 80440 in Fairplay carries a 1.79 coverage ratio, rent of $844/mo is 1.79 times the $472/mo payment. Rental yield 9.65%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $105,000 acquisition price. No U.S. credit or income documentation required.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.5% |
| Monthly Cash Flow | $(863) | $300 |
City averages based on Fairplay market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $844 |
| Total Monthly Debt Service | $1,665 |
| DSCR Ratio | 0.51x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katherine D. Briggs • Keller Williams Top Of Rockies
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1062055
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