1422 Iowa AveColorado SpringsCO80909
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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 1422 Iowa Ave, Colorado Springs, CO, 80909 earns $169/mo cash flow from $2,640/mo rent with a $2,075/mo payment. Total monthly income totals $2,640/mo, and annual cash flow totals $2,031/yr on $140,556 capital. ROI tracks 21.35% on current figures, and rental yield reads 7.47% at a $424,000 purchase. Equity gained on principal adds $2,736/yr, and 5% annual appreciation supports $117,143 over five years. Five-year ROI reaches 110.13% and total cumulative return in cash sums $154,791. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80909, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,664 (100%) |
| Owner Occupied HU | 7,798 (46.8%) |
| Renter Occupied HU | 7,953 (47.7%) |
| Vacant Housing Units | 913 ( 5.5%) |
| Median Home Value | $420,379 |
| Average Home Value | $475,993 |
Housing Distribution
Address Breakdown
Residential
16,185
Single Family
13,788
Multi-Family
2,397
Businesses
1,840
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Listed by: Aimee Fletcher CLHMS GRI • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls ID: #8733768