359 8th AvePenroseCO81240
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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 359 8th Ave, Penrose, CO, 81240 offers a 3.31% rental yield on a $347,900 purchase with $960/mo rent. 8% in year one. Equity gained on principal adds $2,245/yr while 5% annual appreciation supports $96,118 over five years. Portfolio math shows five-year ROI at 42.82% and total cumulative return in cash at $49,383. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $1,703/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.26 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: Louise E. Young • Properties Of Colorado Inc
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #8867681
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