78 Groves DrDurangoCO81301
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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 Durango at 78 Groves Dr, Durango, CO, 81301 earns $114/mo cash flow from $3,319/mo rent with a $2,692/mo payment. Total monthly income totals $3,319/mo, and annual cash flow totals $1,364/yr on $180,950 capital. ROI tracks 20.81% on current figures, and rental yield reads 7.24% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 107.19% and total cumulative return in cash sums $193,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,319/mo property income instead of your personal income.
Single Family
Built in 1980
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81301, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,325 (100%) |
| Owner Occupied HU | 8,304 (47.9%) |
| Renter Occupied HU | 5,706 (32.9%) |
| Vacant Housing Units | 3,315 (19.1%) |
| Median Home Value | $715,239 |
| Average Home Value | $792,766 |
Housing Distribution
Address Breakdown
Residential
14,982
Single Family
14,372
Multi-Family
610
Businesses
1,520
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Listed by: Rebecca Balboni • Coldwell Banker Mountain Properties
Mls Name: CREN
Mls Provider:
Mls ID: #821195
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.