360 Forest Hill RdRidgwayCO81432
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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 Ridgway at 360 Forest Hill Rd, Ridgway, CO, 81432 offers $5,233/mo rent that, after a $2,494/mo payment, leaves $2,117/mo cash flow. Total monthly income is $5,233/mo, and annual cash flow is $25,408/yr on $167,658 cash. Return on cash invested measures 35.22% in year one, and rental yield stands at 12.32% at a $509,600 entry. Equity gained on principal adds $3,288/yr while 5% annual appreciation compounds into $140,793 by year five. Five-year ROI records 184.8% and total cumulative return in cash reaches $309,838. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,233/mo property income versus a $2,494/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
0.87 Acres lot
$N/A/sqft
$146 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81432, Ridgway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,231 (52.3%) |
| Renter Occupied HU | 461 (19.6%) |
| Vacant Housing Units | 660 (28.1%) |
| Median Home Value | $816,270 |
| Average Home Value | $943,712 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
222
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