1116 Bennett AveColorado SpringsCO80909
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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 Colorado Springs at 1116 Bennett Ave, Colorado Springs, CO, 80909 generates $2,520/mo in rent and, after a $1,698/mo payment, leaves $498/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $5,978/yr on $115,031 invested. Return on cash invested sits at 25.11% in year one, and rental yield is 8.71% on a $347,000 entry. Equity gained on principal adds $2,239/yr, while 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 130.26% and total cumulative return in cash sums $149,840. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80909, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,664 (100%) |
| Owner Occupied HU | 7,798 (46.8%) |
| Renter Occupied HU | 7,953 (47.7%) |
| Vacant Housing Units | 913 ( 5.5%) |
| Median Home Value | $420,379 |
| Average Home Value | $475,993 |
Housing Distribution
Address Breakdown
Residential
16,185
Single Family
13,788
Multi-Family
2,397
Businesses
1,840
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Listed by: Randy Epler • Walker Asset Management Realty Inc
Mls Name: Pikes Peak MLS
Mls ID: #6070469