339 W 3rd AveCoal CreekCO81221
INVESTMENT ANALYSIS
Investment Verdict
Solid Income339 W 3rd Ave, Coal Creek, CO, 81221 in Coal Creek is a solid income-producing rental, 9.42% gross yield, $1,217/mo rent, $314/mo net cash flow on a $155,000 buy. DSCR 1.75 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $42,824 and $1,428/yr in principal reduction project a total cumulative return of $78,762.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 5.5% |
| Monthly Cash Flow | $314 | $300 |
City averages based on Coal Creek market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,217 |
| Total Monthly Debt Service | $842 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katharine B. Wiltfong • Reeves Real Estate Llc
Mls Name: Royal Gorge AOR
Mls ID: #4863012