409 Grand AvenuePlattevilleCO80651
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 409 Grand Avenue, Platteville, CO, 80651 in Platteville at $375,000 earns $2,274/mo in rent and nets $89/mo after the $1,686/mo payment, a 7.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $103,606 over five years. Ziffy Mortgage underwrites this on a 1.35 DSCR without U.S. credit history. With $3,454/yr in principal paydown, total projected return reaches $147,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.5% |
| Monthly Cash Flow | $89 | $300 |
City averages based on Platteville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,274 |
| Total Monthly Debt Service | $2,036 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1918
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80651, Platteville, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,934 (100%) |
| Owner Occupied HU | 1,453 (75.1%) |
| Renter Occupied HU | 409 (21.1%) |
| Vacant Housing Units | 72 ( 3.7%) |
| Median Home Value | $602,834 |
| Average Home Value | $635,270 |
Housing Distribution
Address Breakdown
Residential
1,546
Single Family
1,381
Multi-Family
165
Businesses
140
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
Single Family
Built in 1918
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80651, Platteville, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,934 (100%) |
| Owner Occupied HU | 1,453 (75.1%) |
| Renter Occupied HU | 409 (21.1%) |
| Vacant Housing Units | 72 ( 3.7%) |
| Median Home Value | $602,834 |
| Average Home Value | $635,270 |
Housing Distribution
Address Breakdown
Residential
1,546
Single Family
1,381
Multi-Family
165
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: REcolorado as distributed by MLS GRID
Mls ID: #7554816