421 E 3rd StLeadvilleCO80461
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Leadville rental at 421 E 3rd St, Leadville, CO, 80461 sits in the solid-income band: 9.09% gross yield, $2,518/mo rent, $569/mo net after the $1,495/mo debt service, DSCR 1.68. Entry price of $332,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $91,864 and $3,062/yr in principal reduction bring total cumulative return to $162,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 10.0% |
| Monthly Cash Flow | $569 | $1,200 |
City averages based on Leadville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,518 |
| Total Monthly Debt Service | $1,816 |
| DSCR Ratio | 1.39x |
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 1888
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80461, Leadville, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,200 (100%) |
| Owner Occupied HU | 2,031 (48.4%) |
| Renter Occupied HU | 1,097 (26.1%) |
| Vacant Housing Units | 1,072 (25.5%) |
| Median Home Value | $503,140 |
| Average Home Value | $479,626 |
Housing Distribution
Address Breakdown
Residential
2,937
Single Family
2,558
Multi-Family
379
Businesses
454
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 1888
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80461, Leadville, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,200 (100%) |
| Owner Occupied HU | 2,031 (48.4%) |
| Renter Occupied HU | 1,097 (26.1%) |
| Vacant Housing Units | 1,072 (25.5%) |
| Median Home Value | $503,140 |
| Average Home Value | $479,626 |
Housing Distribution
Address Breakdown
Residential
2,937
Single Family
2,558
Multi-Family
379
Businesses
454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices