402 Clark AveOlney SpringsCO81062
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
Investment Highlights
Investment property for sale in Olney Springs at 402 Clark Ave, Olney Springs, CO, 81062 with 5% annual appreciation on a $167,000 basis while $1,578/mo rent supports operations. Total monthly income totals $1,578/mo and a $817/mo payment preserves $605/mo for cash returns. Annual cash flow comes to $7,262/yr on $55,361 deployed, and return on cash invested reaches 33.03% in year one. Equity gained on principal adds $1,078/yr, and five-year appreciation sums $46,139 alongside rental yield of 11.34%. Five-year ROI measures 172.79% and total cumulative return in cash totals $95,655.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,578/mo property income versus a $817/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81062, Olney Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 388 (100%) |
| Owner Occupied HU | 240 (61.9%) |
| Renter Occupied HU | 92 (23.7%) |
| Vacant Housing Units | 56 (14.4%) |
| Median Home Value | $100,000 |
| Average Home Value | $198,177 |
Housing Distribution
Address Breakdown
Residential
185
Single Family
185
Multi-Family
0
Businesses
5
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Listed by: Brian Hancock • The Hancock Group
Mls Name: PAR
Mls ID: #231540