237 Elk DriveCimarronCO81220
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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 Cimarron at 237 Elk Drive, Cimarron, CO, 81220 offers $0/mo rent that, after a $3,084/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.2% in year one, and rental yield stands at 0% at a $630,000 entry. Equity gained on principal adds $4,065/yr while 5% annual appreciation compounds into $174,057 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,084/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
5.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81220, Cimarron, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 437 (100%) |
| Owner Occupied HU | 68 (15.6%) |
| Renter Occupied HU | 17 ( 3.9%) |
| Vacant Housing Units | 352 (80.5%) |
| Median Home Value | $650,000 |
| Average Home Value | $814,154 |
Housing Distribution
Address Breakdown
Residential
114
Single Family
114
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Mark Covington • RE/MAX Alpine View
Mls Name: CREN
Mls Provider:
Mls ID: #827108
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.