2555 Iris CourtMontroseCO81401
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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 Montrose at 2555 Iris Court, Montrose, CO, 81401 uses $132,600 cash to close to unlock $524/yr annual cash flow and $44/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,958/mo payment keeps the spread at $44/mo. Purchase price stands at $400,000, and rental yield measures 7.12% with $2,375/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash records $138,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1994
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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