510 Mitchell AveOrdwayCO81063
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
Rental property for sale in Ordway at 510 Mitchell Ave, Ordway, CO, 81063 offers $1,560/mo rent that, after a $1,111/mo payment, leaves $237/mo cash flow. Total monthly income is $1,560/mo, and annual cash flow is $2,846/yr on $75,251 cash. Return on cash invested measures 23.69% in year one, and rental yield stands at 8.25% at a $227,000 entry. Equity gained on principal adds $1,465/yr while 5% annual appreciation compounds into $62,716 by year five. Five-year ROI records 122.71% and total cumulative return in cash reaches $92,341. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,560/mo property income versus a $1,111/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81063, Ordway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 480 (59.8%) |
| Renter Occupied HU | 229 (28.5%) |
| Vacant Housing Units | 94 (11.7%) |
| Median Home Value | $121,875 |
| Average Home Value | $187,453 |
Housing Distribution
Address Breakdown
Residential
706
Single Family
680
Multi-Family
26
Businesses
100
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Nearby investment properties with comparable prices
Listed by: Lance Crosswhite • The Hancock Group
Mls Name: PAR
Mls Provider:
Mls ID: #233531
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.