2616 County Road 510DurangoCO81303
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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
Rental property for sale in Durango at 2616 County Road 510, Durango, CO, 81303 generates $1,628/mo in rent, after a $1,835/mo payment. Total monthly income is $1,628/mo. Return on cash invested sits at 14.53% in year one, and rental yield is 5.21% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 73.52% and total cumulative return in cash sums $91,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,628/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
3.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81303, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 2,521 (61.8%) |
| Renter Occupied HU | 1,152 (28.2%) |
| Vacant Housing Units | 405 ( 9.9%) |
| Median Home Value | $636,118 |
| Average Home Value | $675,172 |
Housing Distribution
Address Breakdown
Residential
3,584
Single Family
3,360
Multi-Family
224
Businesses
387
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Listed by: Jarod Townsend • Blackmore Group
Mls Name: CREN
Mls Provider:
Mls ID: #820732
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.