623 Detroit AveCortezCO81321
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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 Cortez at 623 Detroit Ave, Cortez, CO, 81321 offers $2,654/mo rent that, after a $1,239/mo payment, leaves $1,179/mo cash flow. Total monthly income is $2,654/mo, and annual cash flow is $14,144/yr on $83,936 cash. Return on cash invested measures 36.76% in year one, and rental yield stands at 12.58% at a $253,200 entry. Equity gained on principal adds $1,634/yr while 5% annual appreciation compounds into $69,954 by year five. Five-year ROI records 192.76% and total cumulative return in cash reaches $161,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,654/mo property income versus a $1,239/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
8,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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