254 Franklin StreetMonte VistaCO81144
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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 Monte Vista at 254 Franklin Street, Monte Vista, CO, 81144 offers a 5.18% rental yield on a $390,000 purchase with $1,684/mo rent. 44% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 73.04% and total cumulative return in cash at $94,424. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,684/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81144, Monte Vista, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,220 (100%) |
| Owner Occupied HU | 1,905 (59.2%) |
| Renter Occupied HU | 1,019 (31.6%) |
| Vacant Housing Units | 296 ( 9.2%) |
| Median Home Value | $248,318 |
| Average Home Value | $311,286 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,875
Multi-Family
79
Businesses
381
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Listed by: Lisa Copley • Millerstone Real Estate Group, LLC
Mls Name: CREN
Mls ID: #830113