57 Cedar DrivePaoniaCO81428
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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 Paonia at 57 Cedar Drive, Paonia, CO, 81428 priced at $679,000 pairs $2,941/mo rent with after a $3,323/mo payment. Total monthly income equals $2,941/mo. Return on cash invested is 14.6% in year one, and rental yield stands at 5.2% on a $679,000 basis. Equity gained on principal adds $4,381/yr, and 5% annual appreciation accumulates to $187,595 by year five. Five-year ROI measures 73.89% and total cumulative return in cash reaches $165,071. For financing, Ziffy Mortgage’s DSCR program evaluates $2,941/mo property income against a $3,323/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1985
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81428, Paonia, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,982 (100%) |
| Owner Occupied HU | 1,237 (62.4%) |
| Renter Occupied HU | 438 (22.1%) |
| Vacant Housing Units | 307 (15.5%) |
| Median Home Value | $469,497 |
| Average Home Value | $517,053 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
1,162
Multi-Family
0
Businesses
201
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Listed by: Jocelyn Wiggins • WesternColoradoRealty.com
Mls Name: CREN
Mls Provider:
Mls ID: #823435
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.