703 Silver Oak 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 703 Silver Oak Dr, Glenwood Springs, CO, 81601 priced at $1,650,000 converts $5,088/mo rent into after a $8,076/mo obligation. Total monthly income equals $5,088/mo. Return on cash invested prints 10.21% in year one, and rental yield reads 3.7% against a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation compiles into $455,865 by year five. Five-year ROI reaches 50.22% and total cumulative return in cash sums $268,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,088/mo property income covering a $8,076/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1.02 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: Tonya Nieslanik • Vicki Lee Green Realtors LLC
Mls Name: AGSMLS
Mls ID: #190123