808 N MildredCortezCO81321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 808 N Mildred, Cortez, CO, 81321 listed at $190,000 pairs $1,639/mo rent with a $930/mo payment to leave $532/mo cash flow. Total monthly income runs $1,639/mo, and annual cash flow reaches $6,380/yr on $62,985 cash to close. Return on cash invested measures 30.04% in year one, and rental yield registers 10.35% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 156.7% and total cumulative return in cash totals $98,700. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,639/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Maez • RE/MAX Mesa Verde Realty
Mls Name: CREN
Mls Provider:
Mls ID: #823452
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.