824 Grand 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
Investment property for sale in Grand Lake at 824 Grand Avenue, Grand Lake, CO, 80447 at $350,000 posts ROI 16.19% with from $1,680/mo rent. Total monthly income equals $1,680/mo. Return on cash invested measures 16.19% and rental yield reads 5.76% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 82.45% and total cumulative return in cash totals $95,666. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,680/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2023
N/A 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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Nearby investment properties with comparable prices
Listed by: Janelle Karas • Prestige Real Estate Auction LLC
Mls Name: REcolorado
Mls ID: #4992127