1306 Firefly CirColorado SpringsCO80916
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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 Colorado Springs at 1306 Firefly Cir, Colorado Springs, CO, 80916 priced at $265,500 converts $1,405/mo rent into after a $1,299/mo obligation. Total monthly income equals $1,405/mo. Return on cash invested prints 12.59% in year one, and rental yield reads 6.35% against a $265,500 entry. Equity gained on principal adds $1,713/yr, while 5% annual appreciation compiles into $73,353 by year five. Five-year ROI reaches 65.11% and total cumulative return in cash sums $57,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,405/mo property income covering a $1,299/mo payment, not borrower’s personal income.
Condo
Built in 1985
435.60 sqft lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80916, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,222 (100%) |
| Owner Occupied HU | 8,003 (52.6%) |
| Renter Occupied HU | 6,622 (43.5%) |
| Vacant Housing Units | 597 ( 3.9%) |
| Median Home Value | $318,022 |
| Average Home Value | $344,349 |
Housing Distribution
Address Breakdown
Residential
15,603
Single Family
12,869
Multi-Family
2,734
Businesses
609
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Listed by: Jennifer Kearns GRI • Preferred Homes Colorado, Inc.
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #8028804
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