124 W 3rd AveSpringfieldCO81073
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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 Springfield at 124 W 3rd Ave, Springfield, CO, 81073 priced at $185,000 converts $1,314/mo rent into $236/mo cash flow after a $905/mo obligation. Total monthly income equals $1,314/mo, and annual cash flow totals $2,836/yr on $61,328 invested. Return on cash invested prints 24.53% in year one, and rental yield reads 8.52% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 127.23% and total cumulative return in cash sums $78,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 81073, Springfield, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 550 (57.2%) |
| Renter Occupied HU | 244 (25.4%) |
| Vacant Housing Units | 167 (17.4%) |
| Median Home Value | $202,083 |
| Average Home Value | $276,959 |
Housing Distribution
Address Breakdown
Residential
850
Single Family
818
Multi-Family
32
Businesses
136
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Listed by: Darrell Mackey • Mackey Realty
Mls Name: PAR
Mls Provider:
Mls ID: #229861
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.