228 W 3rd StWalsenburgCO81089
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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 Walsenburg at 228 W 3rd St, Walsenburg, CO, 81089 listed at $216,900 pairs $1,500/mo rent with a $1,062/mo payment to leave $236/mo cash flow. Total monthly income runs $1,500/mo, and annual cash flow reaches $2,827/yr on $71,902 cash to close. Return on cash invested measures 23.84% in year one, and rental yield registers 8.3% at a $216,900 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,925 by year five. Five-year ROI tracks 123.46% and total cumulative return in cash totals $88,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81089, Walsenburg, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,751 (100%) |
| Owner Occupied HU | 1,511 (54.9%) |
| Renter Occupied HU | 716 (26.0%) |
| Vacant Housing Units | 524 (19.0%) |
| Median Home Value | $297,263 |
| Average Home Value | $373,240 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
2,078
Multi-Family
0
Businesses
253
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Listed by: Michael Alvarado • Schwabe Real Estate Inc
Mls Name: PAR
Mls ID: #235975