62 Spokane CtRed Feather LakesCO80545
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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 Red Feather Lakes at 62 Spokane Ct, Red Feather Lakes, CO, 80545 generates $2,234/mo in rent and, after a $1,786/mo payment, leaves $107/mo in cash flow. Total monthly income is $2,234/mo, and annual cash flow is $1,288/yr on $120,998 invested. Return on cash invested sits at 20.97% in year one, and rental yield is 7.34% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 108.1% and total cumulative return in cash sums $130,795. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,234/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80545, Red Feather Lakes, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 474 (23.7%) |
| Renter Occupied HU | 52 ( 2.6%) |
| Vacant Housing Units | 1,477 (73.7%) |
| Median Home Value | $628,995 |
| Average Home Value | $666,872 |
Housing Distribution
Address Breakdown
Residential
344
Single Family
344
Multi-Family
0
Businesses
43
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Listed by: Michelle Algueseva Nelson • Coldwell Banker Realty- Fort Collins
Mls Name: IRES
Mls ID: #1040222