714 E 3rd StreetCortezCO81321
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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 Cortez at 714 E 3rd Street, Cortez, CO, 81321 earns $125/mo cash flow from $1,925/mo rent with a $1,512/mo payment. Total monthly income totals $1,925/mo, and annual cash flow totals $1,495/yr on $102,434 capital. ROI tracks 21.37% on current figures, and rental yield reads 7.48% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash sums $112,877. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,925/mo property income instead of your personal income.
Single Family
Built in 1958
8,232 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81321, Cortez, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,225 (62.0%) |
| Renter Occupied HU | 2,071 (30.4%) |
| Vacant Housing Units | 515 ( 7.6%) |
| Median Home Value | $352,406 |
| Average Home Value | $399,434 |
Housing Distribution
Address Breakdown
Residential
5,913
Single Family
5,715
Multi-Family
198
Businesses
752
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