1183 2nd StPenroseCO81240
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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 Penrose at 1183 2nd St, Penrose, CO, 81240 offers a 1.15% rental yield on a $999,000 purchase with $960/mo rent. 31% in year one. Equity gained on principal adds $6,446/yr while 5% annual appreciation supports $276,005 over five years. Portfolio math shows five-year ROI at 7.94% and total cumulative return in cash at $26,102. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $4,890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81240, Penrose, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,030 (100%) |
| Owner Occupied HU | 1,570 (77.3%) |
| Renter Occupied HU | 301 (14.8%) |
| Vacant Housing Units | 159 ( 7.8%) |
| Median Home Value | $387,263 |
| Average Home Value | $437,113 |
Housing Distribution
Address Breakdown
Residential
1,851
Single Family
1,851
Multi-Family
0
Businesses
145
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Listed by: Michael Kenney • Better Homes and Gardens Real Estate Kenney & Company
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1549189
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