1362 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 1362 Firefly Cir, Colorado Springs, CO, 80916 generates $1,551/mo in rent and, after a $978/mo payment, leaves $386/mo in cash flow. Total monthly income is $1,551/mo, and annual cash flow is $4,637/yr on $66,267 invested. Return on cash invested sits at 26.91% in year one, and rental yield is 9.31% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 139.93% and total cumulative return in cash sums $92,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,551/mo property income rather than buyer’s personal income.
Condo
Built in 1985
500.94 sqft lot
$N/A/sqft
No 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: Ralph Lechner CRS GREEN GRI • MB-Lechner Real Estate
Mls Name: Pikes Peak MLS
Mls ID: #7445330