408 Ray StreetMonte VistaCO81144
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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 Monte Vista at 408 Ray Street, Monte Vista, CO, 81144 listed at $137,000 pairs $1,083/mo rent with a $671/mo payment to leave $284/mo cash flow. Total monthly income runs $1,083/mo, and annual cash flow reaches $3,410/yr on $45,416 cash to close. Return on cash invested measures 27.42% in year one, and rental yield registers 9.49% at a $137,000 basis. Equity gained on principal adds $884/yr, and annual property appreciation at 5% supports $37,851 by year five. Five-year ROI tracks 142.75% and total cumulative return in cash totals $64,828. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,083/mo property income relative to a $671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81144, Monte Vista, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,220 (100%) |
| Owner Occupied HU | 1,905 (59.2%) |
| Renter Occupied HU | 1,019 (31.6%) |
| Vacant Housing Units | 296 ( 9.2%) |
| Median Home Value | $248,318 |
| Average Home Value | $311,286 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,875
Multi-Family
79
Businesses
381
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Listed by: Kristy Miller • Millerstone Real Estate Group, LLC
Mls Name: CREN
Mls ID: #828494