38 Spruce LaneBayfieldCO81122
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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 Bayfield at 38 Spruce Lane, Bayfield, CO, 81122 with 5% annual appreciation on a $300,000 basis while $2,082/mo rent supports operations. Total monthly income totals $2,082/mo and a $1,468/mo payment preserves $334/mo for cash returns. Annual cash flow comes to $4,008/yr on $99,450 deployed, and return on cash invested reaches 23.94% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.33%. Five-year ROI measures 123.96% and total cumulative return in cash totals $123,276.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,082/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81122, Bayfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,157 (100%) |
| Owner Occupied HU | 3,319 (64.4%) |
| Renter Occupied HU | 841 (16.3%) |
| Vacant Housing Units | 997 (19.3%) |
| Median Home Value | $529,903 |
| Average Home Value | $588,692 |
Housing Distribution
Address Breakdown
Residential
3,572
Single Family
3,272
Multi-Family
300
Businesses
356
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Listed by: Brookelyn Peterson • RE/MAX Pinnacle
Mls Name: CREN
Mls Provider:
Mls ID: #824660
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.