419 Cheyenne StFort MorganCO80701
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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 Fort Morgan at 419 Cheyenne St, Fort Morgan, CO, 80701 priced at $379,900 converts $2,400/mo rent into $186/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $2,237/yr on $125,937 invested. Return on cash invested prints 21.69% in year one, and rental yield reads 7.58% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 111.91% and total cumulative return in cash sums $140,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1967
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80701, Fort Morgan, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,252 (100%) |
| Owner Occupied HU | 3,704 (59.2%) |
| Renter Occupied HU | 2,118 (33.9%) |
| Vacant Housing Units | 430 ( 6.9%) |
| Median Home Value | $342,188 |
| Average Home Value | $373,164 |
Housing Distribution
Address Breakdown
Residential
5,979
Single Family
5,824
Multi-Family
155
Businesses
789
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Listed by: Lee Ann Samuels • eXp Realty LLC
Mls Name: IRES
Mls ID: #1045754