66840 La Plaza CtMontroseCO81401
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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 Montrose at 66840 La Plaza Ct, Montrose, CO, 81401 uses $128,916 cash to close to unlock $4,320/yr annual cash flow and $360/mo monthly cash flow. Total monthly income runs $2,626/mo, and a $1,903/mo payment keeps the spread at $360/mo. Purchase price stands at $388,888, and rental yield measures 8.1% with $2,626/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $107,443 over five years. Five-year ROI reaches 120.36% and total cumulative return in cash records $155,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,626/mo property income covering a $1,903/mo payment rather than investor’s personal income.
Single Family
Built in 1995
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81401, Montrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,059 (100%) |
| Owner Occupied HU | 6,894 (62.3%) |
| Renter Occupied HU | 3,345 (30.2%) |
| Vacant Housing Units | 820 ( 7.4%) |
| Median Home Value | $384,298 |
| Average Home Value | $468,293 |
Housing Distribution
Address Breakdown
Residential
10,999
Single Family
10,611
Multi-Family
388
Businesses
1,170
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Listed by: Adam Renfrow • Renfrow Realty
Mls Name: CREN
Mls Provider:
Mls ID: #815143
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.