510 Redcliff Cir #H-104RidgwayCO81432
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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
Investment property for sale in Ridgway at 510 Redcliff Cir #H-104, Ridgway, CO, 81432 uses $125,937 cash to close to unlock $485/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,254/mo, and a $1,859/mo payment keeps the spread at $40/mo. Purchase price stands at $379,900, and rental yield measures 7.12% with $2,254/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash records $131,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,254/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81432, Ridgway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,231 (52.3%) |
| Renter Occupied HU | 461 (19.6%) |
| Vacant Housing Units | 660 (28.1%) |
| Median Home Value | $816,270 |
| Average Home Value | $943,712 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
222
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Listed by: Lee Ann Parden • Wild West Realty, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #820791
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.