245 S Homestead StColorado CityAZ86021
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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 Colorado City at 245 S Homestead St, Colorado City, AZ, 86021 uses $56,355 cash to close to unlock $3,062/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $832/mo payment keeps the spread at $255/mo. Purchase price stands at $170,000, and rental yield measures 8.89% with $1,260/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $74,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $832/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 86021, Colorado City, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,194 (100%) |
| Owner Occupied HU | 641 (53.7%) |
| Renter Occupied HU | 383 (32.1%) |
| Vacant Housing Units | 170 (14.2%) |
| Median Home Value | $217,991 |
| Average Home Value | $277,555 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
258
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Listed by: Thirkle Nielsen • eXp Realty
Mls Name: Fredonia AOR
Mls ID: #1501041