318 E Main StCortezCO81321
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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
Investment property for sale in Cortez at 318 E Main St, Cortez, CO, 81321 at $323,000 posts ROI 18.91% with from $1,793/mo rent. Total monthly income equals $1,793/mo. Return on cash invested measures 18.91% and rental yield reads 6.66% at the current $323,000. Equity gained on principal adds $2,084/yr, and 5% annual appreciation supports $89,239 by year five. Five-year ROI prints 97.02% and total cumulative return in cash totals $103,881. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,793/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in 1933
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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