69 Old Midland 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
Investment property for sale in Glenwood Springs at 69 Old Midland Dr, Glenwood Springs, CO, 81601 listed at $1,200,000 pairs $4,600/mo rent with a $5,873/mo payment. Total monthly income runs $4,600/mo. Return on cash invested measures 12.74% in year one, and rental yield registers 4.6% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 63.89% and total cumulative return in cash totals $248,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,600/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
7,840 sqft lot
$N/A/sqft
$80 monthly 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: Susan Stone-Chen • SSC & Company llc
Mls Name: AGSMLS
Mls ID: #189697
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.