687 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 687 Canyon Creek Dr, Glenwood Springs, CO, 81601 priced at $900,000 pairs $6,082/mo rent with $837/mo cash flow after a $4,405/mo payment. Total monthly income equals $6,082/mo, and annual cash flow comes to $10,044/yr on $296,100 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 8.11% on a $900,000 basis. Equity gained on principal adds $5,808/yr, and 5% annual appreciation accumulates to $248,653 by year five. Five-year ROI measures 121.32% and total cumulative return in cash reaches $359,232. For financing, Ziffy Mortgage’s DSCR program evaluates $6,082/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.66 Acres lot
$N/A/sqft
No 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: Melissa Gabossi • Vicki Lee Green Realtors LLC
Mls Name: AGSMLS
Mls ID: #189808