640 Ridgeway DriveCotopaxiCO81223
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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 Cotopaxi at 640 Ridgeway Drive, Cotopaxi, CO, 81223 generates $0/mo in rent, after a $2,325/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -1.19% in year one, and rental yield is 0% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
6.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81223, Cotopaxi, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,744 (100%) |
| Owner Occupied HU | 959 (55.0%) |
| Renter Occupied HU | 100 ( 5.7%) |
| Vacant Housing Units | 685 (39.3%) |
| Median Home Value | $396,394 |
| Average Home Value | $435,326 |
Housing Distribution
Address Breakdown
Residential
1,405
Single Family
1,405
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Tessla Patton • Century 21 Community First
Mls Name: REcolorado
Mls Provider:
Mls ID: #8547821
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