507 S 12th StLamarCO81052
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
Investment property for sale in Lamar at 507 S 12th St, Lamar, CO, 81052 offers a 7.73% rental yield on a $205,000 purchase with $1,320/mo rent. Total monthly income registers $1,320/mo, and a $1,003/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,508/yr on $67,958 to close, and return on cash invested stands at 22.13% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 114.29% and total cumulative return in cash at $77,670. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81052, Lamar, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,156 (100%) |
| Owner Occupied HU | 2,329 (56.0%) |
| Renter Occupied HU | 1,340 (32.2%) |
| Vacant Housing Units | 487 (11.7%) |
| Median Home Value | $176,410 |
| Average Home Value | $231,651 |
Housing Distribution
Address Breakdown
Residential
3,760
Single Family
3,579
Multi-Family
181
Businesses
529
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices