308 Prospect StFort MorganCO80701
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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
Investment Highlights
Rental property for sale in Fort Morgan at 308 Prospect St, Fort Morgan, CO, 80701 priced at $319,000 converts $2,160/mo rent into $301/mo cash flow after a $1,561/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $3,615/yr on $105,749 invested. Return on cash invested prints 23.33% in year one, and rental yield reads 8.13% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 120.74% and total cumulative return in cash sums $127,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Single Family
Built in 1896
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80701, Fort Morgan, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,252 (100%) |
| Owner Occupied HU | 3,704 (59.2%) |
| Renter Occupied HU | 2,118 (33.9%) |
| Vacant Housing Units | 430 ( 6.9%) |
| Median Home Value | $342,188 |
| Average Home Value | $373,164 |
Housing Distribution
Address Breakdown
Residential
5,979
Single Family
5,824
Multi-Family
155
Businesses
789
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Listed by: Jacob Fajardo • RE/MAX Alliance-Greeley
Mls Name: IRES
Mls Provider:
Mls ID: #1037983
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.