338 Elm CtWrayCO80758
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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 Wray at 338 Elm Ct, Wray, CO, 80758 priced at $130,000 converts $985/mo rent into $228/mo cash flow after a $636/mo obligation. Total monthly income equals $985/mo, and annual cash flow totals $2,732/yr on $43,095 invested. Return on cash invested prints 26.25% in year one, and rental yield reads 9.09% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 136.37% and total cumulative return in cash sums $58,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $985/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80758, Wray, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,685 (100%) |
| Owner Occupied HU | 971 (57.6%) |
| Renter Occupied HU | 526 (31.2%) |
| Vacant Housing Units | 188 (11.2%) |
| Median Home Value | $295,958 |
| Average Home Value | $361,133 |
Housing Distribution
Address Breakdown
Residential
1,533
Single Family
1,532
Multi-Family
1
Businesses
244
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