4828 Hicklin DrColorado CityCO81019
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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 Colorado City at 4828 Hicklin Dr, Colorado City, CO, 81019 priced at $339,900 converts $1,170/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,170/mo. Return on cash invested prints 11.27% in year one, and rental yield reads 4.13% against a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation compiles into $93,908 by year five. Five-year ROI reaches 56.04% and total cumulative return in cash sums $63,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,170/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81019, Colorado City, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 836 (100%) |
| Owner Occupied HU | 612 (73.2%) |
| Renter Occupied HU | 146 (17.5%) |
| Vacant Housing Units | 78 ( 9.3%) |
| Median Home Value | $408,974 |
| Average Home Value | $387,782 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
5
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Listed by: Bryan Decker • eXp Realty, LLC
Mls Name: PAR
Mls Provider:
Mls ID: #233361
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.