396 Cove Blvd #11DillonCO80435
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 396 Cove Blvd #11, Dillon, CO, 80435 in Dillon is the 1.55 coverage ratio: rent of $2,476/mo versus a $1,596/mo debt payment on a $355,000 property. Rental yield 8.37%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $98,080 by year five, with $3,270/yr in equity from paydown. Total projected cumulative return: $116,477.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.0% |
| Monthly Cash Flow | $(323) | $300 |
City averages based on Dillon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,476 |
| Total Monthly Debt Service | $2,658 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
2.34 Acres lot
$N/A/sqft
$8,760 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80435, Dillon, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,027 (100%) |
| Owner Occupied HU | 1,945 (24.2%) |
| Renter Occupied HU | 1,398 (17.4%) |
| Vacant Housing Units | 4,684 (58.4%) |
| Median Home Value | $927,851 |
| Average Home Value | $1,076,991 |
Housing Distribution
Address Breakdown
Residential
1,667
Single Family
1,390
Multi-Family
277
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1971
2.34 Acres lot
$N/A/sqft
$8,760 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80435, Dillon, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,027 (100%) |
| Owner Occupied HU | 1,945 (24.2%) |
| Renter Occupied HU | 1,398 (17.4%) |
| Vacant Housing Units | 4,684 (58.4%) |
| Median Home Value | $927,851 |
| Average Home Value | $1,076,991 |
Housing Distribution
Address Breakdown
Residential
1,667
Single Family
1,390
Multi-Family
277
Businesses
361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Koll • Swan Mountain Real Estate, LLC
Mls Name: Altitude Realtors
Mls Provider:
Mls ID: #S1059382
Disclaimer: Copyright 2025 Altitude Realtors. The information displayed herein was derived from sources believed to be accurate, but has not been verified by Altitude Realtors. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS is strictly prohibited.