507 Ridge DriveCreedeCO81130
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 507 Ridge Drive, Creede, CO, 81130 in Creede. At $379,000 it earns $2,735/mo in rent and distributes $526/mo to the owner after the $1,704/mo payment, a consistent 8.66% yield. DSCR 1.61 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $104,711 in value; $3,491/yr in principal paydown compounds ownership stake. Total projected return: $177,026.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $526 | $300 |
City averages based on Creede market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,735 |
| Total Monthly Debt Service | $2,058 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1989
1 Acres 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
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
Single Family
Built in 1989
1 Acres 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: #824817
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.