597 Piute DrWestcliffeCO81252
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Westcliffe at 597 Piute Dr, Westcliffe, CO, 81252 uses $114,368 cash to close to unlock $6,252/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,532/mo, and a $1,689/mo payment keeps the spread at $521/mo. Purchase price stands at $345,000, and rental yield measures 8.81% with $2,532/mo rent. Return on cash invested shows 25.38% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 131.67% and total cumulative return in cash records $150,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,532/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81252, Westcliffe, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,144 (100%) |
| Owner Occupied HU | 1,843 (44.5%) |
| Renter Occupied HU | 422 (10.2%) |
| Vacant Housing Units | 1,879 (45.3%) |
| Median Home Value | $463,447 |
| Average Home Value | $598,626 |
Housing Distribution
Address Breakdown
Residential
2,260
Single Family
2,232
Multi-Family
28
Businesses
281
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glen K. Greenlee • Homesmart Preferred Realty
Mls Name: Royal Gorge AOR
Mls Provider:
Mls ID: #8247700
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.