536 E First Street Unit OSalidaCO81201
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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 Salida at 536 E First Street Unit O, Salida, CO, 81201 priced at $1,475,000 pairs $2,940/mo rent with after a $7,219/mo payment. Total monthly income equals $2,940/mo. Return on cash invested is 4.57% in year one, and rental yield stands at 2.39% on a $1,475,000 basis. Equity gained on principal adds $9,518/yr, and 5% annual appreciation accumulates to $407,515 by year five. Five-year ROI measures 20.61% and total cumulative return in cash reaches $98,482. For financing, Ziffy Mortgage’s DSCR program evaluates $2,940/mo property income against a $7,219/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$635 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81201, Salida, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,087 (100%) |
| Owner Occupied HU | 3,380 (55.5%) |
| Renter Occupied HU | 1,684 (27.7%) |
| Vacant Housing Units | 1,023 (16.8%) |
| Median Home Value | $660,007 |
| Average Home Value | $728,067 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,286
Multi-Family
47
Businesses
913
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Listed by: K. Hale Camp • Pinon Real Estate Group LLC
Mls Name: REcolorado
Mls Provider:
Mls ID: #9541962
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)