914 N Spruce StreetGunnisonCO81230
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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 Gunnison at 914 N Spruce Street, Gunnison, CO, 81230 listed at $615,000 pairs $2,912/mo rent with a $3,010/mo payment. Total monthly income runs $2,912/mo. Return on cash invested measures 16.07% in year one, and rental yield registers 5.68% at a $615,000 basis. Equity gained on principal adds $3,969/yr, and annual property appreciation at 5% supports $169,913 by year five. Five-year ROI tracks 81.76% and total cumulative return in cash totals $165,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,912/mo property income relative to a $3,010/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81230, Gunnison, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,081 (100%) |
| Owner Occupied HU | 2,748 (45.2%) |
| Renter Occupied HU | 1,962 (32.3%) |
| Vacant Housing Units | 1,371 (22.5%) |
| Median Home Value | $568,381 |
| Average Home Value | $626,074 |
Housing Distribution
Address Breakdown
Residential
4,932
Single Family
4,726
Multi-Family
206
Businesses
746
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Listed by: Susan Teal • Susan R. Teal, Independent Broker
Mls Name: CREN
Mls Provider:
Mls ID: #826115
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.