488 Hill RdLa VetaCO81055
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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 La Veta at 488 Hill Rd, La Veta, CO, 81055 generates $1,589/mo in rent, after a $1,953/mo payment. Total monthly income is $1,589/mo. Return on cash invested sits at 13.23% in year one, and rental yield is 4.78% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 66.55% and total cumulative return in cash sums $88,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,589/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81055, La Veta, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,555 (100%) |
| Owner Occupied HU | 594 (38.2%) |
| Renter Occupied HU | 184 (11.8%) |
| Vacant Housing Units | 777 (50.0%) |
| Median Home Value | $487,313 |
| Average Home Value | $654,802 |
Housing Distribution
Address Breakdown
Residential
260
Single Family
260
Multi-Family
0
Businesses
96
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