343 E 8th Avenue #6DurangoCO81301
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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 Durango at 343 E 8th Avenue #6, Durango, CO, 81301 generates $1,591/mo in rent, after a $1,370/mo payment. Total monthly income is $1,591/mo. Return on cash invested sits at 19.39% in year one, and rental yield is 6.82% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 99.58% and total cumulative return in cash sums $92,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,591/mo property income rather than buyer’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81301, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 8,304 (47.9%) |
| Renter Occupied HU | 5,706 (32.9%) |
| Vacant Housing Units | 3,315 (19.1%) |
| Median Home Value | $715,239 |
| Average Home Value | $792,766 |
Housing Distribution
Address Breakdown
Residential
14,982
Single Family
14,372
Multi-Family
610
Businesses
1,520
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Listed by: Nickolas Johnson • EXIT Realty Home & Ranch
Mls Name: CREN
Mls Provider:
Mls ID: #821433
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.