1302 Race StColorado SpringsCO80904
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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 1302 Race St, Colorado Springs, CO, 80904 listed at $419,500 pairs $2,760/mo rent with a $2,053/mo payment to leave $315/mo cash flow. Total monthly income runs $2,760/mo, and annual cash flow reaches $3,786/yr on $139,064 cash to close. Return on cash invested measures 22.63% in year one, and rental yield registers 7.9% at a $419,500 basis. Equity gained on principal adds $2,707/yr, and annual property appreciation at 5% supports $115,900 by year five. Five-year ROI tracks 116.98% and total cumulative return in cash totals $162,678. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $2,053/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
5,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80904, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,295 (100%) |
| Owner Occupied HU | 5,756 (51.0%) |
| Renter Occupied HU | 4,554 (40.3%) |
| Vacant Housing Units | 985 ( 8.7%) |
| Median Home Value | $570,715 |
| Average Home Value | $629,491 |
Housing Distribution
Address Breakdown
Residential
10,765
Single Family
9,323
Multi-Family
1,442
Businesses
839
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Listed by: Joshua Dorsey • Abode Real Estate
Mls Name: Pikes Peak MLS
Mls ID: #3829979