633 Alameda DrCortezCO81321
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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 633 Alameda Dr, Cortez, CO, 81321 offers $2,005/mo rent that, after a $1,417/mo payment, leaves $318/mo cash flow. Total monthly income is $2,005/mo, and annual cash flow is $3,814/yr on $95,969 cash. Return on cash invested measures 23.88% in year one, and rental yield stands at 8.31% at a $289,500 entry. Equity gained on principal adds $1,868/yr while 5% annual appreciation compounds into $79,984 by year five. Five-year ROI records 123.68% and total cumulative return in cash reaches $118,695. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,005/mo property income versus a $1,417/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
7,187 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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Listed by: Trista Heaton • RE/MAX Mesa Verde Realty
Mls Name: CREN
Mls Provider:
Mls ID: #818379
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.