255 Pioneer StreetIgnacioCO81137
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 Ignacio at 255 Pioneer Street, Ignacio, CO, 81137 priced at $369,900 converts $2,420/mo rent into $265/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,420/mo, and annual cash flow totals $3,177/yr on $122,622 invested. Return on cash invested prints 22.5% in year one, and rental yield reads 7.85% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 116.26% and total cumulative return in cash sums $142,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,420/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 1909
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81137, Ignacio, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,228 (100%) |
| Owner Occupied HU | 1,416 (63.6%) |
| Renter Occupied HU | 587 (26.3%) |
| Vacant Housing Units | 225 (10.1%) |
| Median Home Value | $574,265 |
| Average Home Value | $643,316 |
Housing Distribution
Address Breakdown
Residential
1,286
Single Family
1,261
Multi-Family
25
Businesses
121
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices