450 Highway 491Dove CreekCO81324
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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
Investment property for sale in Dove Creek at 450 Highway 491, Dove Creek, CO, 81324 uses $46,410 cash to close to unlock $13,372/yr annual cash flow and $1,114/mo monthly cash flow. Total monthly income runs $1,930/mo, and a $685/mo payment keeps the spread at $1,114/mo. Purchase price stands at $140,000, and rental yield measures 16.54% with $1,930/mo rent. Return on cash invested shows 48.72% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 256.96% and total cumulative return in cash records $119,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,930/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81324, Dove Creek, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 663 (100%) |
| Owner Occupied HU | 456 (68.8%) |
| Renter Occupied HU | 109 (16.4%) |
| Vacant Housing Units | 98 (14.8%) |
| Median Home Value | $233,190 |
| Average Home Value | $267,889 |
Housing Distribution
Address Breakdown
Residential
131
Single Family
131
Multi-Family
0
Businesses
68
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Listed by: Marti Spitzer • RE/MAX Mesa Verde Realty
Mls Name: CREN
Mls Provider:
Mls ID: #816287
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.