505 Rainbow RoadDurangoCO81303
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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 Durango at 505 Rainbow Road, Durango, CO, 81303 priced at $1,769,500 pairs $6,406/mo rent with after a $8,661/mo payment. Total monthly income equals $6,406/mo. Return on cash invested is 12.19% in year one, and rental yield stands at 4.34% on a $1,769,500 basis. Equity gained on principal adds $11,418/yr, and 5% annual appreciation accumulates to $488,880 by year five. Five-year ROI measures 60.88% and total cumulative return in cash reaches $349,043. For financing, Ziffy Mortgage’s DSCR program evaluates $6,406/mo property income against a $8,661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
14.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81303, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 2,521 (61.8%) |
| Renter Occupied HU | 1,152 (28.2%) |
| Vacant Housing Units | 405 ( 9.9%) |
| Median Home Value | $636,118 |
| Average Home Value | $675,172 |
Housing Distribution
Address Breakdown
Residential
3,584
Single Family
3,360
Multi-Family
224
Businesses
387
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Listed by: John Wells • The Wells Group of Durango, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #825045
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.