24396 Road LCortezCO81321
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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 Cortez at 24396 Road L, Cortez, CO, 81321 earns $400/mo cash flow from $2,090/mo rent with a $1,419/mo payment. Total monthly income totals $2,090/mo, and annual cash flow totals $4,805/yr on $96,102 capital. ROI tracks 24.91% on current figures, and rental yield reads 8.65% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 129.2% and total cumulative return in cash sums $124,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,090/mo property income instead of your personal income.
Single Family
Built in 1945
1.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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Listed by: JaCee Apple • Keller Williams Colorado West Realty
Mls Name: CREN
Mls Provider:
Mls ID: #826695
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.