623 Main StWalsenburgCO81089
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
Investment Highlights
Rental property for sale in Walsenburg at 623 Main St, Walsenburg, CO, 81089 priced at $280,000 pairs $1,500/mo rent with after a $1,370/mo payment. Total monthly income equals $1,500/mo. Return on cash invested is 18.21% in year one, and rental yield stands at 6.43% on a $280,000 basis. Equity gained on principal adds $1,807/yr, and 5% annual appreciation accumulates to $77,359 by year five. Five-year ROI measures 93.26% and total cumulative return in cash reaches $86,565. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1898
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81089, Walsenburg, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,751 (100%) |
| Owner Occupied HU | 1,511 (54.9%) |
| Renter Occupied HU | 716 (26.0%) |
| Vacant Housing Units | 524 (19.0%) |
| Median Home Value | $297,263 |
| Average Home Value | $373,240 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
2,078
Multi-Family
0
Businesses
253
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arica Andreatta • Code of the West Real Estate LLC
Mls Name: Spanish Peaks BOR
Mls ID: #25-1315