493 S Main StCreedeCO81130
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
Total monthly income runs $2,669/mo, and a $5,335/mo payment. Purchase price stands at $1,090,000, and rental yield measures 2.94% with $2,669/mo rent. Return on cash invested shows 7.32% in year one, and 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 34.93% and total cumulative return in cash records $123,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,669/mo property income covering a $5,335/mo payment rather than investor’s personal income.
Multi Family
Built in 2002
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81130, Creede, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,455 (100%) |
| Owner Occupied HU | 364 (25.0%) |
| Renter Occupied HU | 102 ( 7.0%) |
| Vacant Housing Units | 989 (68.0%) |
| Median Home Value | $495,062 |
| Average Home Value | $660,268 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
388
Multi-Family
13
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anne Pizel • Broken Arrow Ranch & Land Company
Mls Name: CREN
Mls Provider:
Mls ID: #822575
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.