420 Penasco StDel NorteCO81132
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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 Del Norte at 420 Penasco St, Del Norte, CO, 81132 offers $1,860/mo rent that, after a $1,273/mo payment, leaves $344/mo cash flow. Total monthly income is $1,860/mo, and annual cash flow is $4,132/yr on $86,190 cash. Return on cash invested measures 24.7% in year one, and rental yield stands at 8.58% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 128.1% and total cumulative return in cash reaches $110,405. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,860/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81132, Del Norte, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,627 (100%) |
| Owner Occupied HU | 767 (47.1%) |
| Renter Occupied HU | 414 (25.4%) |
| Vacant Housing Units | 446 (27.4%) |
| Median Home Value | $221,181 |
| Average Home Value | $365,349 |
Housing Distribution
Address Breakdown
Residential
1,403
Single Family
1,397
Multi-Family
6
Businesses
129
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Listed by: Yvonne Hoffman • Steffens and Company Realty, Inc
Mls Name: CREN
Mls Provider:
Mls ID: #822462
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.