717 Lake AvenueGrand LakeCO80447
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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 Grand Lake at 717 Lake Avenue, Grand Lake, CO, 80447 offers $2,610/mo rent that, after a $3,759/mo payment. Total monthly income is $2,610/mo. Return on cash invested measures 11.2% in year one, and rental yield stands at 4.08% at a $768,000 entry. Equity gained on principal adds $4,956/yr while 5% annual appreciation compounds into $212,184 by year five. Five-year ROI records 55.63% and total cumulative return in cash reaches $140,573. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,610/mo property income versus a $3,759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80447, Grand Lake, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,437 (100%) |
| Owner Occupied HU | 782 (22.8%) |
| Renter Occupied HU | 263 ( 7.7%) |
| Vacant Housing Units | 2,392 (69.6%) |
| Median Home Value | $674,038 |
| Average Home Value | $959,143 |
Housing Distribution
Address Breakdown
Residential
210
Single Family
185
Multi-Family
25
Businesses
113
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Listed by: Donna Ready • Mountain Lake Properties
Mls Name: REcolorado
Mls ID: #6745005