55 Morris StreetMonte VistaCO81144
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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 Monte Vista at 55 Morris Street, Monte Vista, CO, 81144 priced at $335,000 converts $2,290/mo rent into $337/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,290/mo, and annual cash flow totals $4,048/yr on $111,053 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.2% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 121.94% and total cumulative return in cash sums $135,416. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,290/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 1897
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81144, Monte Vista, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,220 (100%) |
| Owner Occupied HU | 1,905 (59.2%) |
| Renter Occupied HU | 1,019 (31.6%) |
| Vacant Housing Units | 296 ( 9.2%) |
| Median Home Value | $248,318 |
| Average Home Value | $311,286 |
Housing Distribution
Address Breakdown
Residential
2,954
Single Family
2,875
Multi-Family
79
Businesses
381
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Listed by: Linette Nye Schmidt • eXp Realty, LLC
Mls Name: CREN
Mls ID: #826063