401 Grand Avenue #IDeltaCO81416
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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 Delta at 401 Grand Avenue #I, Delta, CO, 81416 offers a 10.09% rental yield on a $175,500 purchase with $1,475/mo rent. Total monthly income registers $1,475/mo, and a $859/mo payment leaves $452/mo available for distribution. Annual cash flow reaches $5,426/yr on $58,178 to close, and return on cash invested stands at 29.24% in year one. Equity gained on principal adds $1,132/yr while 5% annual appreciation supports $48,487 over five years. Portfolio math shows five-year ROI at 152.46% and total cumulative return in cash at $88,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,475/mo property income against a $859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81416, Delta, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,190 (100%) |
| Owner Occupied HU | 3,990 (64.5%) |
| Renter Occupied HU | 1,766 (28.5%) |
| Vacant Housing Units | 434 ( 7.0%) |
| Median Home Value | $353,707 |
| Average Home Value | $437,196 |
Housing Distribution
Address Breakdown
Residential
5,770
Single Family
5,611
Multi-Family
159
Businesses
631
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Listed by: Marsha Bryan • RE/MAX Mountain West, Inc. - Cedaredge
Mls Name: CREN
Mls Provider:
Mls ID: #817528
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.