339 W 3rd AveCoal CreekCO81221
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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 Coal Creek at 339 W 3rd Ave, Coal Creek, CO, 81221 generates $1,217/mo in rent and, after a $759/mo payment, leaves $313/mo in cash flow. Total monthly income is $1,217/mo, and annual cash flow is $3,760/yr on $51,383 invested. Return on cash invested sits at 27.23% in year one, and rental yield is 9.42% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 141.7% and total cumulative return in cash sums $72,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,217/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81221, Coal Creek, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 66 (100%) |
| Owner Occupied HU | 52 (78.8%) |
| Renter Occupied HU | 11 (16.7%) |
| Vacant Housing Units | 3 ( 4.5%) |
| Median Home Value | $328,571 |
| Average Home Value | $339,519 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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Listed by: Katharine B. Wiltfong • Reeves Real Estate Llc
Mls Name: Royal Gorge AOR
Mls ID: #4863012