416 N Ash StreetCortezCO81321
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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 Cortez at 416 N Ash Street, Cortez, CO, 81321 priced at $299,000 converts $2,244/mo rent into $502/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,244/mo, and annual cash flow totals $6,023/yr on $99,119 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.01% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 134.95% and total cumulative return in cash sums $133,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,244/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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