602 Marys RdRidgwayCO81432
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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
Investment property for sale in Ridgway at 602 Marys Rd, Ridgway, CO, 81432 offers a 4.42% rental yield on a $1,095,000 purchase with $4,034/mo rent. 43% in year one. Equity gained on principal adds $7,066/yr while 5% annual appreciation supports $302,528 over five years. Portfolio math shows five-year ROI at 62.15% and total cumulative return in cash at $220,510. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,034/mo property income against a $5,359/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81432, Ridgway, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,352 (100%) |
| Owner Occupied HU | 1,231 (52.3%) |
| Renter Occupied HU | 461 (19.6%) |
| Vacant Housing Units | 660 (28.1%) |
| Median Home Value | $816,270 |
| Average Home Value | $943,712 |
Housing Distribution
Address Breakdown
Residential
1,351
Single Family
1,351
Multi-Family
0
Businesses
222
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Listed by: Todd Schroedel • United Country Sneffels Realty
Mls Name: CREN
Mls Provider:
Mls ID: #818006
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