409 N Garden CourtPlattevilleCO80651
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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 Platteville at 409 N Garden Court, Platteville, CO, 80651 priced at $720,000 converts $3,317/mo rent into after a $3,524/mo obligation. Total monthly income equals $3,317/mo. Return on cash invested prints 15.61% in year one, and rental yield reads 5.53% against a $720,000 entry. Equity gained on principal adds $4,646/yr, while 5% annual appreciation compiles into $198,923 by year five. Five-year ROI reaches 79.25% and total cumulative return in cash sums $187,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,317/mo property income covering a $3,524/mo payment, not borrower’s personal income.
Single Family
Built in 1999
1.23 Acres 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
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Listed by: Alex Lallas • RE/MAX NORTHWEST INC
Mls Name: REcolorado
Mls Provider:
Mls ID: #5574016
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