306 Gilpin Ave #5OtisCO80743
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 306 Gilpin Ave #5, Otis, CO, 80743 in Otis is listed at $143,500 and delivers $1,131/mo in rent and $295/mo in net monthly cash flow. The 9.46% yield and 1.75 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $39,646 over five years, and $1,322/yr in principal reduction supplements cash return. Total projected cumulative return: $73,234.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $295 | $250 |
City averages based on Otis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,131 |
| Total Monthly Debt Service | $779 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80743, Otis, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 345 (68.7%) |
| Renter Occupied HU | 98 (19.5%) |
| Vacant Housing Units | 59 (11.8%) |
| Median Home Value | $388,393 |
| Average Home Value | $403,181 |
Housing Distribution
Address Breakdown
Residential
410
Single Family
410
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1957
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80743, Otis, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 502 (100%) |
| Owner Occupied HU | 345 (68.7%) |
| Renter Occupied HU | 98 (19.5%) |
| Vacant Housing Units | 59 (11.8%) |
| Median Home Value | $388,393 |
| Average Home Value | $403,181 |
Housing Distribution
Address Breakdown
Residential
410
Single Family
410
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices