244 Prospector AveDurangoCO81301
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
Rental property for sale in Durango at 244 Prospector Ave, Durango, CO, 81301 offers $3,587/mo rent that, after a $3,617/mo payment. Total monthly income is $3,587/mo. Return on cash invested measures 16.51% in year one, and rental yield stands at 5.82% at a $739,000 entry. Equity gained on principal adds $4,769/yr while 5% annual appreciation compounds into $204,172 by year five. Five-year ROI records 84.1% and total cumulative return in cash reaches $204,476. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,587/mo property income versus a $3,617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81301, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 8,304 (47.9%) |
| Renter Occupied HU | 5,706 (32.9%) |
| Vacant Housing Units | 3,315 (19.1%) |
| Median Home Value | $715,239 |
| Average Home Value | $792,766 |
Housing Distribution
Address Breakdown
Residential
14,982
Single Family
14,372
Multi-Family
610
Businesses
1,520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gayle Webster • Coldwell Banker Mountain Properties
Mls Name: CREN
Mls Provider:
Mls ID: #822166
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.