301 E Mantz AveRicoCO81332
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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 Rico at 301 E Mantz Ave, Rico, CO, 81332 priced at $1,295,000 converts $3,032/mo rent into after a $6,338/mo obligation. Total monthly income equals $3,032/mo. Return on cash invested prints 7.46% in year one, and rental yield reads 2.81% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 35.49% and total cumulative return in cash sums $148,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,032/mo property income covering a $6,338/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81332, Rico, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 228 (100%) |
| Owner Occupied HU | 108 (47.4%) |
| Renter Occupied HU | 38 (16.7%) |
| Vacant Housing Units | 82 (36.0%) |
| Median Home Value | $596,154 |
| Average Home Value | $581,528 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
18
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Listed by: Asa Van Gelder • Telluride Properties
Mls Name: TRIDEMLS
Mls Provider:
Mls ID: #42729
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