231 Snake Lake DrRed Feather LakesCO80545
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
Investment Highlights
Investment property for sale in Red Feather Lakes at 231 Snake Lake Dr, Red Feather Lakes, CO, 80545 listed at $490,000 pairs $1,320/mo rent with a $2,398/mo payment. Total monthly income runs $1,320/mo. Return on cash invested measures 8.57% in year one, and rental yield registers 3.23% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 41.55% and total cumulative return in cash totals $67,488. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,320/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80545, Red Feather Lakes, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 474 (23.7%) |
| Renter Occupied HU | 52 ( 2.6%) |
| Vacant Housing Units | 1,477 (73.7%) |
| Median Home Value | $628,995 |
| Average Home Value | $666,872 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
344
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Collette Coyle Speidel • RE/MAX Nexus
Mls Name: IRES
Mls ID: #1037066