2640 Aspen DrRidgwayCO81432
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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 Ridgway at 2640 Aspen Dr, Ridgway, CO, 81432 offers a 3.66% rental yield on a $589,000 purchase with $1,795/mo rent. 92% in year one. Equity gained on principal adds $3,801/yr while 5% annual appreciation supports $162,730 over five years. Portfolio math shows five-year ROI at 48.77% and total cumulative return in cash at $94,514. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,795/mo property income against a $2,883/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81432, Ridgway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,231 (52.3%) |
| Renter Occupied HU | 461 (19.6%) |
| Vacant Housing Units | 660 (28.1%) |
| Median Home Value | $816,270 |
| Average Home Value | $943,712 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
222
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Listed by: Kimberly Kettle • NextHome Virtual
Mls Name: CREN
Mls Provider:
Mls ID: #817722
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.