648 Colorado StCraigCO81625
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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 Craig at 648 Colorado St, Craig, CO, 81625 priced at $359,900 converts $2,766/mo rent into $668/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,766/mo, and annual cash flow totals $8,017/yr on $119,307 invested. Return on cash invested prints 26.63% in year one, and rental yield reads 9.22% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 138.44% and total cumulative return in cash sums $165,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,766/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1947
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81625, Craig, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,517 (100%) |
| Owner Occupied HU | 3,284 (59.5%) |
| Renter Occupied HU | 1,718 (31.1%) |
| Vacant Housing Units | 515 ( 9.3%) |
| Median Home Value | $299,087 |
| Average Home Value | $326,651 |
Housing Distribution
Address Breakdown
Residential
5,170
Single Family
4,785
Multi-Family
385
Businesses
386
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Listed by: Dorina Fredrickson • Country Living Realty
Mls Name: AGSMLS
Mls ID: #188377
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.