280 S Elizabeth StRidgwayCO81432
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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 280 S Elizabeth St, Ridgway, CO, 81432 uses $172,725 cash to close to unlock $420/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $3,095/mo, and a $2,570/mo payment keeps the spread at $35/mo. Purchase price stands at $525,000, and rental yield measures 7.07% with $3,095/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 104.43% and total cumulative return in cash records $180,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,095/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
6,969 sqft 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: Gari Colleen Zweigle • Keller Williams Realty Southwest Associates, LLC - Montrose
Mls Name: CREN
Mls Provider:
Mls ID: #817462
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