240 Macfarlane DriveCreedeCO81130
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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 Creede at 240 Macfarlane Drive, Creede, CO, 81130 listed at $530,000 pairs $2,531/mo rent with a $2,594/mo payment. Total monthly income runs $2,531/mo. Return on cash invested measures 16.22% in year one, and rental yield registers 5.73% at a $530,000 basis. Equity gained on principal adds $3,420/yr, and annual property appreciation at 5% supports $146,429 by year five. Five-year ROI tracks 82.57% and total cumulative return in cash totals $143,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,531/mo property income relative to a $2,594/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
3.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81130, Creede, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,455 (100%) |
| Owner Occupied HU | 364 (25.0%) |
| Renter Occupied HU | 102 ( 7.0%) |
| Vacant Housing Units | 989 (68.0%) |
| Median Home Value | $495,062 |
| Average Home Value | $660,268 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
388
Multi-Family
13
Businesses
95
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Listed by: Anne Pizel • Broken Arrow Ranch & Land Company
Mls Name: CREN
Mls Provider:
Mls ID: #824113
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.