523 E Parmenter StLamarCO81052
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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 Lamar at 523 E Parmenter St, Lamar, CO, 81052 priced at $215,000 converts $1,620/mo rent into $367/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $4,408/yr on $71,273 invested. Return on cash invested prints 26.09% in year one, and rental yield reads 9.04% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 135.57% and total cumulative return in cash sums $96,625. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81052, Lamar, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,156 (100%) |
| Owner Occupied HU | 2,329 (56.0%) |
| Renter Occupied HU | 1,340 (32.2%) |
| Vacant Housing Units | 487 (11.7%) |
| Median Home Value | $176,410 |
| Average Home Value | $231,651 |
Housing Distribution
Address Breakdown
Residential
3,760
Single Family
3,579
Multi-Family
181
Businesses
529
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