490 K StPenroseCO81240
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
Investment Highlights
Rental property for sale in Penrose at 490 K St, Penrose, CO, 81240 priced at $320,000 converts $2,326/mo rent into $461/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,326/mo, and annual cash flow totals $5,536/yr on $106,080 invested. Return on cash invested prints 25.13% in year one, and rental yield reads 8.72% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 130.38% and total cumulative return in cash sums $138,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,326/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1960
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81240, Penrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,570 (77.3%) |
| Renter Occupied HU | 301 (14.8%) |
| Vacant Housing Units | 159 ( 7.8%) |
| Median Home Value | $387,263 |
| Average Home Value | $437,113 |
Housing Distribution
Address Breakdown
Residential
1,851
Single Family
1,851
Multi-Family
0
Businesses
145
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katalena McNew • Keller Williams Performance Realty
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #8073136
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.