515 Lake StRangelyCO81648
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 515 Lake St, Rangely, CO, 81648 in Rangely earns a 9.15% gross yield at $127,515. Rent of $972/mo nets $229/mo after the $573/mo mortgage. The 1.70 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $35,230 and $1,174/yr in equity accumulation project a total cumulative return of $62,897.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.0% |
| Monthly Cash Flow | $229 | $1,200 |
City averages based on Rangely market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $972 |
| Total Monthly Debt Service | $692 |
| DSCR Ratio | 1.40x |
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.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81648, Rangely, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,368 (100%) |
| Owner Occupied HU | 692 (50.6%) |
| Renter Occupied HU | 328 (24.0%) |
| Vacant Housing Units | 348 (25.4%) |
| Median Home Value | $255,769 |
| Average Home Value | $274,664 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
956
Multi-Family
31
Businesses
152
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81648, Rangely, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,368 (100%) |
| Owner Occupied HU | 692 (50.6%) |
| Renter Occupied HU | 328 (24.0%) |
| Vacant Housing Units | 348 (25.4%) |
| Median Home Value | $255,769 |
| Average Home Value | $274,664 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
956
Multi-Family
31
Businesses
152
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices