531 Main StreetOrdwayCO81063
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 531 Main Street, Ordway, CO, 81063 offers $2,020/mo rent that, after a $1,463/mo payment, leaves $278/mo cash flow. Total monthly income is $2,020/mo, and annual cash flow is $3,335/yr on $99,119 cash. Return on cash invested measures 23.27% in year one, and rental yield stands at 8.11% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 120.41% and total cumulative return in cash reaches $119,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,020/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
8,450 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: Taylor Cook • BLVD Real Estate Group, LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #5375653
Disclaimer: 2025 REcolorado All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado. [Click here for more information](/info/mls-disclaimers/#17059)