638 N Cascade AveMontroseCO81401
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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
Investment property for sale in Montrose at 638 N Cascade Ave, Montrose, CO, 81401 uses $127,959 cash to close to unlock $81/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $2,256/mo, and a $1,889/mo payment keeps the spread at $7/mo. Purchase price stands at $386,000, and rental yield measures 7.01% with $2,256/mo rent. Return on cash invested shows 19.97% in year one, and 5% annual appreciation builds toward $106,645 over five years. Five-year ROI reaches 102.71% and total cumulative return in cash records $131,424. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,256/mo property income covering a $1,889/mo payment rather than investor’s personal income.
Single Family
Built in 1895
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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Listed by: Candi Amaya • Keller Williams Colorado West Realty
Mls Name: CREN
Mls Provider:
Mls ID: #822625
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.