423 Cherry 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 423 Cherry St, Fort Morgan, CO, 80701 priced at $335,000 pairs $1,890/mo rent with after a $1,640/mo payment. Total monthly income equals $1,890/mo. Return on cash invested is 19.23% in year one, and rental yield stands at 6.77% on a $335,000 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,554 by year five. Five-year ROI measures 98.76% and total cumulative return in cash reaches $109,676. For financing, Ziffy Mortgage’s DSCR program evaluates $1,890/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
7,350 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: Lizza Kiese-Martinez • HomeSmart Realty Group FTC
Mls Name: IRES
Mls ID: #1040217