244 Redcliff DrRidgwayCO81432
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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 Ridgway at 244 Redcliff Dr, Ridgway, CO, 81432 priced at $608,000 converts $2,486/mo rent into after a $2,976/mo obligation. Total monthly income equals $2,486/mo. Return on cash invested prints 13.72% in year one, and rental yield reads 4.91% against a $608,000 entry. Equity gained on principal adds $3,923/yr, while 5% annual appreciation compiles into $167,979 by year five. Five-year ROI reaches 69.13% and total cumulative return in cash sums $138,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,486/mo property income covering a $2,976/mo payment, not borrower’s personal income.
Single Family
Built in 2025
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81432, Ridgway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,231 (52.3%) |
| Renter Occupied HU | 461 (19.6%) |
| Vacant Housing Units | 660 (28.1%) |
| Median Home Value | $816,270 |
| Average Home Value | $943,712 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
222
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