1218 Aspen AveColorado SpringsCO80905
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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 1218 Aspen Ave, Colorado Springs, CO, 80905 uses $114,368 cash to close to unlock $3,600/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $2,311/mo, and a $1,689/mo payment keeps the spread at $300/mo. Purchase price stands at $345,000, and rental yield measures 8.04% with $2,311/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 119.24% and total cumulative return in cash records $136,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,311/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,699 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80905, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,182 (100%) |
| Owner Occupied HU | 4,060 (44.2%) |
| Renter Occupied HU | 4,483 (48.8%) |
| Vacant Housing Units | 639 ( 7.0%) |
| Median Home Value | $466,107 |
| Average Home Value | $497,446 |
Housing Distribution
Address Breakdown
Residential
8,501
Single Family
6,308
Multi-Family
2,193
Businesses
647
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Listed by: Denise Olson ABR MRP SRES • Realty One Group Apex
Mls Name: Pikes Peak MLS
Mls ID: #1673297