1114 Fontmore Rd APT CColorado SpringsCO80904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colorado Springs at 1114 Fontmore Rd APT C, Colorado Springs, CO, 80904 generates $2,507/mo in rent, after a $2,340/mo payment. Total monthly income is $2,507/mo. Return on cash invested sits at 13.34% in year one, and rental yield is 6.29% on a $478,000 entry. Equity gained on principal adds $3,084/yr, while 5% annual appreciation builds toward $132,063 over five years. Five-year ROI reaches 68.77% and total cumulative return in cash sums $108,973. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,507/mo property income rather than buyer’s personal income.
Condo
Built in 1979
871.20 sqft lot
$N/A/sqft
$588 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Ochsendorf MRP • Valor Properties, LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #3177039
Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.