319 Rio Grande AvenuePaoniaCO81428
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 319 Rio Grande Avenue, Paonia, CO, 81428 in Paonia is capital appreciation. Rental yield 5.32%. The 5.32% gross yield at $386,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $106,645 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.99) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $111,164.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.3% | 8.0% |
| Monthly Cash Flow | $(537) | $1,200 |
City averages based on Paonia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,712 |
| Total Monthly Debt Service | $2,096 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
Nearby investment properties with comparable rents
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 1977
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Jackson • WesternColoradoRealty.com
Mls Name: CREN
Mls Provider:
Mls ID: #827102
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.