245 NW 3rd StreetCedaredgeCO81413
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 Cedaredge at 245 NW 3rd Street, Cedaredge, CO, 81413 priced at $339,000 pairs $2,010/mo rent with $35/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,010/mo, and annual cash flow comes to $415/yr on $112,379 invested. Return on cash invested is 20.28% in year one, and rental yield stands at 7.12% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 104.36% and total cumulative return in cash reaches $117,280. For financing, Ziffy Mortgage’s DSCR program evaluates $2,010/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1907
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81413, Cedaredge, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,175 (100%) |
| Owner Occupied HU | 2,064 (65.0%) |
| Renter Occupied HU | 549 (17.3%) |
| Vacant Housing Units | 562 (17.7%) |
| Median Home Value | $434,499 |
| Average Home Value | $516,771 |
Housing Distribution
Address Breakdown
Residential
2,578
Single Family
2,553
Multi-Family
25
Businesses
234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices