355 E 3rd Avenue #232DurangoCO81301
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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 Durango at 355 E 3rd Avenue #232, Durango, CO, 81301 offers a 4.33% rental yield on a $855,000 purchase with $3,082/mo rent. 95% in year one. Equity gained on principal adds $5,517/yr while 5% annual appreciation supports $236,221 over five years. Portfolio math shows five-year ROI at 59.65% and total cumulative return in cash at $167,791. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,082/mo property income against a $4,185/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
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: Morgan Pavon • The Wells Group of Durango, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #828020
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.