1038 Fontmore Rd APT DColorado SpringsCO80904
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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 Colorado Springs at 1038 Fontmore Rd APT D, Colorado Springs, CO, 80904 offers a 6.84% rental yield on a $299,500 purchase with $1,706/mo rent. 43% in year one. Equity gained on principal adds $1,933/yr while 5% annual appreciation supports $82,746 over five years. Portfolio math shows five-year ROI at 99.83% and total cumulative return in cash at $99,119. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,706/mo property income against a $1,466/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
505.30 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80904, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,295 (100%) |
| Owner Occupied HU | 5,756 (51.0%) |
| Renter Occupied HU | 4,554 (40.3%) |
| Vacant Housing Units | 985 ( 8.7%) |
| Median Home Value | $570,715 |
| Average Home Value | $629,491 |
Housing Distribution
Address Breakdown
Residential
10,765
Single Family
9,323
Multi-Family
1,442
Businesses
839
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Listed by: Bobbi Price • The Platinum Group
Mls Name: Pikes Peak MLS
Mls ID: #9033417