537 N Colorado AvenueDove CreekCO81324
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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 Dove Creek at 537 N Colorado Avenue, Dove Creek, CO, 81324 priced at $175,000 converts $1,660/mo rent into $640/mo cash flow after a $857/mo obligation. Total monthly income equals $1,660/mo, and annual cash flow totals $7,676/yr on $58,013 invested. Return on cash invested prints 33.14% in year one, and rental yield reads 11.38% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 173.33% and total cumulative return in cash sums $100,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,660/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81324, Dove Creek, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 663 (100%) |
| Owner Occupied HU | 456 (68.8%) |
| Renter Occupied HU | 109 (16.4%) |
| Vacant Housing Units | 98 (14.8%) |
| Median Home Value | $233,190 |
| Average Home Value | $267,889 |
Housing Distribution
Address Breakdown
Residential
131
Single Family
131
Multi-Family
0
Businesses
68
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Listed by: Kelly Comisky • eXp Realty, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #825629
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.