578 Lakeside Drive #B8Pagosa SpringsCO81147
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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 Pagosa Springs at 578 Lakeside Drive #B8, Pagosa Springs, CO, 81147 generates $2,353/mo in rent and, after a $1,713/mo payment, leaves $313/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $3,761/yr on $115,992 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 8.07% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 119.78% and total cumulative return in cash sums $138,930. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81147, Pagosa Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,861 (100%) |
| Owner Occupied HU | 4,578 (46.4%) |
| Renter Occupied HU | 1,436 (14.6%) |
| Vacant Housing Units | 3,847 (39.0%) |
| Median Home Value | $544,963 |
| Average Home Value | $647,985 |
Housing Distribution
Address Breakdown
Residential
5,495
Single Family
5,488
Multi-Family
7
Businesses
690
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Listed by: Peggy Andrews • Peggy Andrews, Independent Broker
Mls Name: CREN
Mls ID: #828786