307 E TrumanOlney SpringsCO81062
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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 Olney Springs at 307 E Truman, Olney Springs, CO, 81062 generates $1,554/mo in rent and, after a $979/mo payment, leaves $388/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $4,660/yr on $66,300 invested. Return on cash invested sits at 26.94% in year one, and rental yield is 9.32% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 140.1% and total cumulative return in cash sums $92,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Multi Family
Built in 2012
10,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81062, Olney Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 388 (100%) |
| Owner Occupied HU | 240 (61.9%) |
| Renter Occupied HU | 92 (23.7%) |
| Vacant Housing Units | 56 (14.4%) |
| Median Home Value | $100,000 |
| Average Home Value | $198,177 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
5
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Listed by: Jacob Trentman • HomeSmart
Mls Name: REcolorado
Mls ID: #6034120