934 Elm DriveSalidaCO81201
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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
Rental property for sale in Salida at 934 Elm Drive, Salida, CO, 81201 generates $2,448/mo in rent and, after a $1,713/mo payment, leaves $408/mo in cash flow. Total monthly income is $2,448/mo, and annual cash flow is $4,900/yr on $116,025 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 8.39% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 125.03% and total cumulative return in cash sums $145,070. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,448/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81201, Salida, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,087 (100%) |
| Owner Occupied HU | 3,380 (55.5%) |
| Renter Occupied HU | 1,684 (27.7%) |
| Vacant Housing Units | 1,023 (16.8%) |
| Median Home Value | $660,007 |
| Average Home Value | $728,067 |
Housing Distribution
Address Breakdown
Residential
5,333
Single Family
5,286
Multi-Family
47
Businesses
913
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Listed by: Justin Tanner • Century 21 Community First
Mls Name: REcolorado
Mls Provider:
Mls ID: #8727344
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