319 Prospect StFort MorganCO80701
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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 Fort Morgan at 319 Prospect St, Fort Morgan, CO, 80701 offers a 7.77% rental yield on a $379,000 purchase with $2,454/mo rent. Total monthly income registers $2,454/mo, and a $1,855/mo payment leaves $245/mo available for distribution. Annual cash flow reaches $2,943/yr on $125,639 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 114.96% and total cumulative return in cash at $144,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,454/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1898
0.31 Acres 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: Mandy Weichel • Colorado Land Co. LLC
Mls Name: IRES
Mls ID: #1048744