656 Water StMeekerCO81641
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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 Meeker at 656 Water St, Meeker, CO, 81641 offers a 11.77% rental yield on a $299,900 purchase with $2,942/mo rent. Total monthly income registers $2,942/mo, and a $1,468/mo payment leaves $1,194/mo available for distribution. Annual cash flow reaches $14,329/yr on $99,417 to close, and return on cash invested stands at 34.32% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 179.71% and total cumulative return in cash at $178,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,942/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
9,735 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81641, Meeker, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,877 (100%) |
| Owner Occupied HU | 1,031 (54.9%) |
| Renter Occupied HU | 489 (26.1%) |
| Vacant Housing Units | 357 (19.0%) |
| Median Home Value | $337,689 |
| Average Home Value | $379,690 |
Housing Distribution
Address Breakdown
Residential
877
Single Family
877
Multi-Family
0
Businesses
225
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