708 Main St #3OurayCO81427
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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 Ouray at 708 Main St #3, Ouray, CO, 81427 at $639,000 posts ROI 10.41% with from $2,033/mo rent. Total monthly income equals $2,033/mo. Return on cash invested measures 10.41% and rental yield reads 3.82% at the current $639,000. Equity gained on principal adds $4,123/yr, and 5% annual appreciation supports $176,544 by year five. Five-year ROI prints 51.37% and total cumulative return in cash totals $108,004. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,033/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81427, Ouray, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 847 (100%) |
| Owner Occupied HU | 341 (40.3%) |
| Renter Occupied HU | 138 (16.3%) |
| Vacant Housing Units | 368 (43.4%) |
| Median Home Value | $654,279 |
| Average Home Value | $751,928 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
172
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Listed by: Lee Ann Parden • Wild West Realty, LLC
Mls Name: CREN
Mls Provider:
Mls ID: #819942
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.