645 2nd StreetOurayCO81427
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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 Ouray at 645 2nd Street, Ouray, CO, 81427 offers $4,945/mo rent that, after a $8,443/mo payment. Total monthly income is $4,945/mo. Return on cash invested measures 9.4% in year one, and rental yield stands at 3.44% at a $1,725,000 entry. Equity gained on principal adds $11,131/yr while 5% annual appreciation compounds into $476,586 by year five. Five-year ROI records 45.91% and total cumulative return in cash reaches $256,616. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,945/mo property income versus a $8,443/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81427, Ouray, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 847 (100%) |
| Owner Occupied HU | 341 (40.3%) |
| Renter Occupied HU | 138 (16.3%) |
| Vacant Housing Units | 368 (43.4%) |
| Median Home Value | $654,279 |
| Average Home Value | $751,928 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
172
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