230 Main 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
Rental property for sale in Paonia at 230 Main Ave, Paonia, CO, 81428 priced at $366,500 converts $1,770/mo rent into after a $1,794/mo obligation. Total monthly income equals $1,770/mo. Return on cash invested prints 16.29% in year one, and rental yield reads 5.8% against a $366,500 entry. Equity gained on principal adds $2,365/yr, while 5% annual appreciation compiles into $101,257 by year five. Five-year ROI reaches 82.97% and total cumulative return in cash sums $100,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,770/mo property income covering a $1,794/mo payment, not borrower’s personal income.
Single Family
Built in 1960
4,356 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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