51 N Ridge CtParachuteCO81635
INVESTMENT ANALYSIS
Investment Verdict
Solid Income51 N Ridge Ct, Parachute, CO, 81635 in Parachute earns a respectable 8.26% gross yield at $389,000, but after the $1,749/mo mortgage the net cash flow is $33/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.53) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $107,474 over five years, making equity the dominant return driver. Total projected return: $173,229.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.0% |
| Monthly Cash Flow | $33 | $800 |
City averages based on Parachute market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,676 |
| Total Monthly Debt Service | $2,112 |
| DSCR Ratio | 1.27x |
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.
Townhouse
Built in 1993
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81635, Parachute, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,899 (100%) |
| Owner Occupied HU | 1,686 (58.2%) |
| Renter Occupied HU | 1,049 (36.2%) |
| Vacant Housing Units | 164 ( 5.7%) |
| Median Home Value | $328,049 |
| Average Home Value | $427,077 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
1,826
Multi-Family
859
Businesses
150
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
Townhouse
Built in 1993
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81635, Parachute, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,899 (100%) |
| Owner Occupied HU | 1,686 (58.2%) |
| Renter Occupied HU | 1,049 (36.2%) |
| Vacant Housing Units | 164 ( 5.7%) |
| Median Home Value | $328,049 |
| Average Home Value | $427,077 |
Housing Distribution
Address Breakdown
Residential
2,685
Single Family
1,826
Multi-Family
859
Businesses
150
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices