730 Lake StFort MorganCO80701
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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 Fort Morgan at 730 Lake St, Fort Morgan, CO, 80701 listed at $230,000 pairs $1,717/mo rent with a $1,126/mo payment to leave $376/mo cash flow. Total monthly income runs $1,717/mo, and annual cash flow reaches $4,516/yr on $76,245 cash to close. Return on cash invested measures 25.83% in year one, and rental yield registers 8.96% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 134.17% and total cumulative return in cash totals $102,295. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,717/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80701, Fort Morgan, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,252 (100%) |
| Owner Occupied HU | 3,704 (59.2%) |
| Renter Occupied HU | 2,118 (33.9%) |
| Vacant Housing Units | 430 ( 6.9%) |
| Median Home Value | $342,188 |
| Average Home Value | $373,164 |
Housing Distribution
Address Breakdown
Residential
5,979
Single Family
5,824
Multi-Family
155
Businesses
789
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Listed by: Kelly Murkins • CENTURY 21 Cornerstone
Mls Name: IRES
Mls ID: #1029525