323 3rd AvenueOurayCO81427
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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
Rental property for sale in Ouray at 323 3rd Avenue, Ouray, CO, 81427 generates $3,184/mo in rent, after a $3,304/mo payment. Total monthly income is $3,184/mo. Return on cash invested sits at 16.01% in year one, and rental yield is 5.66% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 81.4% and total cumulative return in cash sums $180,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,184/mo property income rather than buyer’s personal income.
Single Family
Built in 1898
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81427, Ouray, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 847 (100%) |
| Owner Occupied HU | 341 (40.3%) |
| Renter Occupied HU | 138 (16.3%) |
| Vacant Housing Units | 368 (43.4%) |
| Median Home Value | $654,279 |
| Average Home Value | $751,928 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
172
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Listed by: Nancy Colaw • NextHome Virtual
Mls Name: CREN
Mls Provider:
Mls ID: #824448
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.