114 El Paso BlvdManitou SpringsCO80829
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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 Manitou Springs at 114 El Paso Blvd, Manitou Springs, CO, 80829 priced at $1,099,000 converts $4,611/mo rent into after a $5,379/mo obligation. Total monthly income equals $4,611/mo. Return on cash invested prints 13.48% in year one, and rental yield reads 5.03% against a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation compiles into $303,633 by year five. Five-year ROI reaches 68.1% and total cumulative return in cash sums $242,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,611/mo property income covering a $5,379/mo payment, not borrower’s personal income.
Townhouse
Built in 2014
2,469 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80829, Manitou Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,872 (100%) |
| Owner Occupied HU | 1,536 (53.5%) |
| Renter Occupied HU | 1,082 (37.7%) |
| Vacant Housing Units | 254 ( 8.8%) |
| Median Home Value | $643,814 |
| Average Home Value | $697,594 |
Housing Distribution
Address Breakdown
Residential
2,833
Single Family
2,532
Multi-Family
301
Businesses
277
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Listed by: Timothy Smith CNE GRI MRP PSA • LIV Sotheby's International Realty CO Springs
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #5104698
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