645 Canyon Creek DrGlenwood SpringsCO81601
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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 Glenwood Springs at 645 Canyon Creek Dr, Glenwood Springs, CO, 81601 priced at $1,097,900 converts $3,724/mo rent into after a $5,374/mo obligation. Total monthly income equals $3,724/mo. Return on cash invested prints 10.53% in year one, and rental yield reads 4.07% against a $1,097,900 entry. Equity gained on principal adds $7,085/yr, while 5% annual appreciation compiles into $303,330 by year five. Five-year ROI reaches 52.27% and total cumulative return in cash sums $185,924. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,724/mo property income covering a $5,374/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.62 Acres lot
$N/A/sqft
$242 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81601, Glenwood Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,173 (100%) |
| Owner Occupied HU | 3,716 (51.8%) |
| Renter Occupied HU | 2,820 (39.3%) |
| Vacant Housing Units | 637 ( 8.9%) |
| Median Home Value | $798,396 |
| Average Home Value | $888,818 |
Housing Distribution
Address Breakdown
Residential
6,731
Single Family
5,451
Multi-Family
1,280
Businesses
823
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Listed by: Julian Hardaker • The Best Way Home Real Estate
Mls Name: AGSMLS
Mls ID: #189727
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.