897 County Road 304DurangoCO81303
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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 897 County Road 304, Durango, CO, 81303 uses $217,140 cash to close to unlock $6,960/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $4,426/mo, and a $3,230/mo payment keeps the spread at $580/mo. Purchase price stands at $660,000, and rental yield measures 8.05% with $4,426/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 120.32% and total cumulative return in cash records $261,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,426/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Single Family
Built in 2005
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81303, Durango, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,078 (100%) |
| Owner Occupied HU | 2,521 (61.8%) |
| Renter Occupied HU | 1,152 (28.2%) |
| Vacant Housing Units | 405 ( 9.9%) |
| Median Home Value | $636,118 |
| Average Home Value | $675,172 |
Housing Distribution
Address Breakdown
Residential
3,584
Single Family
3,360
Multi-Family
224
Businesses
387
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Listed by: Melissa Mayer • Legacy Properties West Sotheby's Int. Realty
Mls Name: CREN
Mls Provider:
Mls ID: #826553
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