304 N 9th Street #3AGunnisonCO81230
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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 Gunnison at 304 N 9th Street #3A, Gunnison, CO, 81230 generates $1,556/mo in rent and, after a $1,126/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,556/mo, and annual cash flow is $2,584/yr on $76,245 invested. Return on cash invested sits at 23.3% in year one, and rental yield is 8.12% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 120.58% and total cumulative return in cash sums $91,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,556/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81230, Gunnison, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,081 (100%) |
| Owner Occupied HU | 2,748 (45.2%) |
| Renter Occupied HU | 1,962 (32.3%) |
| Vacant Housing Units | 1,371 (22.5%) |
| Median Home Value | $568,381 |
| Average Home Value | $626,074 |
Housing Distribution
Address Breakdown
Residential
4,932
Single Family
4,726
Multi-Family
206
Businesses
746
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