690 Heather LnGlenwood 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 690 Heather Ln, Glenwood Springs, CO, 81601 generates $7,696/mo in rent, after a $9,544/mo payment. Total monthly income is $7,696/mo. Return on cash invested sits at 13.15% in year one, and rental yield is 4.74% on a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 66.1% and total cumulative return in cash sums $417,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,696/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
6.39 Acres lot
$N/A/sqft
$400 quarterly 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: Michael R Kennedy • RE/MAX Mountain West
Mls Name: AGSMLS
Mls ID: #187555
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.