350 3rd StPenroseCO81240
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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
Investment property for sale in Penrose at 350 3rd St, Penrose, CO, 81240 with 5% annual appreciation on a $125,000 basis while $947/mo rent supports operations. Total monthly income totals $947/mo and a $612/mo payment preserves $218/mo for cash returns. Annual cash flow comes to $2,620/yr on $41,438 deployed, and return on cash invested reaches 26.23% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.09%. Five-year ROI measures 136.35% and total cumulative return in cash totals $56,501.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $947/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81240, Penrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,570 (77.3%) |
| Renter Occupied HU | 301 (14.8%) |
| Vacant Housing Units | 159 ( 7.8%) |
| Median Home Value | $387,263 |
| Average Home Value | $437,113 |
Housing Distribution
Address Breakdown
Residential
1,851
Single Family
1,851
Multi-Family
0
Businesses
145
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Listed by: Dale A. Gagas • Colorado Lifestyle Property & Auction
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #1424497
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