241 Spruce GlenCreedeCO81130
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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 241 Spruce Glen, Creede, CO, 81130 at $849,000 posts ROI 10.81% with from $2,795/mo rent. Total monthly income equals $2,795/mo. Return on cash invested measures 10.81% and rental yield reads 3.95% at the current $849,000. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,563 by year five. Five-year ROI prints 53.55% and total cumulative return in cash totals $149,588. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,795/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
2.49 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: Katie Betts • Best of Pagosa Springs
Mls Name: CREN
Mls Provider:
Mls ID: #822758
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.