285 Southside DrBasaltCO81621
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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 Basalt at 285 Southside Dr, Basalt, CO, 81621 priced at $1,150,000 converts $3,881/mo rent into after a $5,629/mo obligation. Total monthly income equals $3,881/mo. Return on cash invested prints 9.92% in year one, and rental yield reads 4.05% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 49.19% and total cumulative return in cash sums $183,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,881/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Townhouse
Built in 1998
1,306 sqft lot
$N/A/sqft
$1,268 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81621, Basalt, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,423 (100%) |
| Owner Occupied HU | 1,761 (51.4%) |
| Renter Occupied HU | 1,054 (30.8%) |
| Vacant Housing Units | 608 (17.8%) |
| Median Home Value | $1,198,736 |
| Average Home Value | $1,284,723 |
Housing Distribution
Address Breakdown
Residential
2,501
Single Family
2,501
Multi-Family
0
Businesses
718
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Listed by: Scott Wirkler • Engel & Volkers Roaring Fork
Mls Name: AGSMLS
Mls ID: #187887
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.