600 Forest Road 520CreedeCO81130
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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
Total monthly income runs $2,552/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 4.54% with $2,552/mo rent. Return on cash invested shows 12.59% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 63.08% and total cumulative return in cash records $140,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,552/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1916
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81130, Creede, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,455 (100%) |
| Owner Occupied HU | 364 (25.0%) |
| Renter Occupied HU | 102 ( 7.0%) |
| Vacant Housing Units | 989 (68.0%) |
| Median Home Value | $495,062 |
| Average Home Value | $660,268 |
Housing Distribution
Address Breakdown
Residential
401
Single Family
388
Multi-Family
13
Businesses
95
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Listed by: Debra Dooley • Creede Real Estate
Mls Name: CREN
Mls Provider:
Mls ID: #823389
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.