407 Main StKit CarsonCO80825
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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 Kit Carson at 407 Main St, Kit Carson, CO, 80825 priced at $329,999 pairs $2,947/mo rent with $1,024/mo cash flow after a $1,615/mo payment. Total monthly income equals $2,947/mo, and annual cash flow comes to $12,288/yr on $109,395 invested. Return on cash invested is 31.14% in year one, and rental yield stands at 10.72% on a $329,999 basis. Equity gained on principal adds $2,129/yr, and 5% annual appreciation accumulates to $91,173 by year five. Five-year ROI measures 162.59% and total cumulative return in cash reaches $177,862. For financing, Ziffy Mortgage’s DSCR program evaluates $2,947/mo property income against a $1,615/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80825, Kit Carson, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 130 (47.6%) |
| Renter Occupied HU | 84 (30.8%) |
| Vacant Housing Units | 59 (21.6%) |
| Median Home Value | $270,000 |
| Average Home Value | $329,365 |
Housing Distribution
Address Breakdown
Residential
47
Single Family
47
Multi-Family
0
Businesses
26
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Listed by: Virgil George • Rocking X Land Company
Mls Name: IRES
Mls Provider:
Mls ID: #1017084
Disclaimer: Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules Copyright IRES. Listing information is provided exclusively for consumers' 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 deemed reliable but not guaranteed by the MLS.