2971 Fall River RoadIdaho SpringsCO80452
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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 Idaho Springs at 2971 Fall River Road, Idaho Springs, CO, 80452 priced at $1,700,000 converts $4,500/mo rent into after a $8,321/mo obligation. Total monthly income equals $4,500/mo. Return on cash invested prints 8.59% in year one, and rental yield reads 3.18% against a $1,700,000 entry. Equity gained on principal adds $10,970/yr, while 5% annual appreciation compiles into $469,679 by year five. Five-year ROI reaches 41.56% and total cumulative return in cash sums $228,895. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,500/mo property income covering a $8,321/mo payment, not borrower’s personal income.
Single Family
Built in 1910
3.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80452, Idaho Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,112 (100%) |
| Owner Occupied HU | 1,082 (51.2%) |
| Renter Occupied HU | 518 (24.5%) |
| Vacant Housing Units | 512 (24.2%) |
| Median Home Value | $518,997 |
| Average Home Value | $654,965 |
Housing Distribution
Address Breakdown
Residential
690
Single Family
690
Multi-Family
0
Businesses
203
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Listed by: Anastasia Johnson • RE/MAX ALLIANCE
Mls Name: REcolorado
Mls Provider:
Mls ID: #9511993
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