280 Clear Spring AvenueDurangoCO81301
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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 280 Clear Spring Avenue, Durango, CO, 81301 priced at $755,000 converts $3,946/mo rent into after a $3,695/mo obligation. Total monthly income equals $3,946/mo. Return on cash invested prints 17.87% in year one, and rental yield reads 6.27% against a $755,000 entry. Equity gained on principal adds $4,872/yr, while 5% annual appreciation compiles into $208,593 by year five. Five-year ROI reaches 91.39% and total cumulative return in cash sums $227,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,946/mo property income covering a $3,695/mo payment, not borrower’s personal income.
Townhouse
Built in 2007
3,005 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81301, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 8,304 (47.9%) |
| Renter Occupied HU | 5,706 (32.9%) |
| Vacant Housing Units | 3,315 (19.1%) |
| Median Home Value | $715,239 |
| Average Home Value | $792,766 |
Housing Distribution
Address Breakdown
Residential
14,982
Single Family
14,372
Multi-Family
610
Businesses
1,520
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