312 3rd StOvidCO80744
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 312 3rd St, Ovid, CO, 80744 in Ovid. Rental yield 0%. At $243,000 with 0% gross yield, current distributions are modest, but the 5% appreciation rate projects $67,136 in new equity by year five, complemented by $2,238/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.00) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $655.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $500 |
City averages based on Ovid market data in our database. Property projections are estimates.
Single Family
Built in 1947
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80744, Ovid, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 243 (100%) |
| Owner Occupied HU | 148 (60.9%) |
| Renter Occupied HU | 43 (17.7%) |
| Vacant Housing Units | 52 (21.4%) |
| Median Home Value | $310,000 |
| Average Home Value | $390,220 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1947
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80744, Ovid, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 243 (100%) |
| Owner Occupied HU | 148 (60.9%) |
| Renter Occupied HU | 43 (17.7%) |
| Vacant Housing Units | 52 (21.4%) |
| Median Home Value | $310,000 |
| Average Home Value | $390,220 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Laura Knode • Knode Realty And Auction LLC
Mls Name: IRES
Mls Provider:
Mls ID: #1030461
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.