306 Elk Lane UNIT #3-BGrand LakeCO80447
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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 Grand Lake at 306 Elk Lane UNIT #3-B, Grand Lake, CO, 80447 priced at $525,000 pairs $3,158/mo rent with after a $2,570/mo payment. Total monthly income equals $3,158/mo. Return on cash invested is 19.18% in year one, and rental yield stands at 7.22% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 98.97% and total cumulative return in cash reaches $170,949. For financing, Ziffy Mortgage’s DSCR program evaluates $3,158/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
$675 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80447, Grand Lake, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,437 (100%) |
| Owner Occupied HU | 782 (22.8%) |
| Renter Occupied HU | 263 ( 7.7%) |
| Vacant Housing Units | 2,392 (69.6%) |
| Median Home Value | $674,038 |
| Average Home Value | $959,143 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
185
Multi-Family
25
Businesses
113
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Listed by: Carrie Flynn • Real Estate of Winter Park
Mls Name: GCBOR
Mls ID: #25-441
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.