68720 Open Field DrMontroseCO81401
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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 Montrose at 68720 Open Field Dr, Montrose, CO, 81401 generates $3,568/mo in rent, after a $3,842/mo payment. Total monthly income is $3,568/mo. Return on cash invested sits at 15.38% in year one, and rental yield is 5.45% on a $785,000 entry. Equity gained on principal adds $5,065/yr, while 5% annual appreciation builds toward $216,881 over five years. Five-year ROI reaches 78.06% and total cumulative return in cash sums $201,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,568/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.43 Acres 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: Doug Phillips • Norris-Phillips Real Estate, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #820522
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.