303 Spruce RdCimarronCO81220
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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 Cimarron at 303 Spruce Rd, Cimarron, CO, 81220 with 5% annual appreciation on a $198,440 basis while $3,193/mo rent supports operations. Total monthly income totals $3,193/mo and a $971/mo payment preserves $2,037/mo for cash returns. Annual cash flow comes to $24,441/yr on $65,783 deployed, and return on cash invested reaches 57.06% in year one. Equity gained on principal adds $1,281/yr, and five-year appreciation sums $54,825 alongside rental yield of 19.31%. Five-year ROI measures 301.61% and total cumulative return in cash totals $198,406.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,193/mo property income versus a $971/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81220, Cimarron, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 437 (100%) |
| Owner Occupied HU | 68 (15.6%) |
| Renter Occupied HU | 17 ( 3.9%) |
| Vacant Housing Units | 352 (80.5%) |
| Median Home Value | $650,000 |
| Average Home Value | $814,154 |
Housing Distribution
Address Breakdown
Residential
114
Single Family
114
Multi-Family
0
Businesses
14
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