508 Water StRed CliffCO81649
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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 Red Cliff at 508 Water St, Red Cliff, CO, 81649 generates $3,904/mo in rent, after a $5,066/mo payment. Total monthly income is $3,904/mo. Return on cash invested sits at 12.75% in year one, and rental yield is 4.53% on a $1,035,000 entry. Equity gained on principal adds $6,679/yr, while 5% annual appreciation builds toward $285,951 over five years. Five-year ROI reaches 63.89% and total cumulative return in cash sums $214,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,904/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81649, Red Cliff, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 104 (100%) |
| Owner Occupied HU | 45 (43.3%) |
| Renter Occupied HU | 41 (39.4%) |
| Vacant Housing Units | 18 (17.3%) |
| Median Home Value | $1,220,588 |
| Average Home Value | $1,326,667 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
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