62 Spruce Lane #(above Vallecito Lake, North off CR 501)BayfieldCO81122
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 62 Spruce Lane #(above Vallecito Lake, North off CR 501), Bayfield, CO, 81122 in Bayfield earns a 9.69% gross yield at $279,000. Rent of $2,254/mo nets $628/mo after the $1,255/mo mortgage. The 1.80 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $77,083 and $2,570/yr in equity accumulation project a total cumulative return of $145,772.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.0% |
| Monthly Cash Flow | $628 | $300 |
City averages based on Bayfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,254 |
| Total Monthly Debt Service | $1,515 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1997
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81122, Bayfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,157 (100%) |
| Owner Occupied HU | 3,319 (64.4%) |
| Renter Occupied HU | 841 (16.3%) |
| Vacant Housing Units | 997 (19.3%) |
| Median Home Value | $529,903 |
| Average Home Value | $588,692 |
Housing Distribution
Address Breakdown
Residential
3,572
Single Family
3,272
Multi-Family
300
Businesses
356
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
Single Family
Built in 1997
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81122, Bayfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,157 (100%) |
| Owner Occupied HU | 3,319 (64.4%) |
| Renter Occupied HU | 841 (16.3%) |
| Vacant Housing Units | 997 (19.3%) |
| Median Home Value | $529,903 |
| Average Home Value | $588,692 |
Housing Distribution
Address Breakdown
Residential
3,572
Single Family
3,272
Multi-Family
300
Businesses
356
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices