15580 Rigge CtElbertCO80106
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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 Elbert at 15580 Rigge Ct, Elbert, CO, 80106 generates $3,797/mo in rent, after a $3,206/mo payment. Total monthly income is $3,797/mo. Return on cash invested sits at 19.95% in year one, and rental yield is 6.96% on a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 102.53% and total cumulative return in cash sums $220,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,797/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80106, Elbert, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,835 (100%) |
| Owner Occupied HU | 1,623 (88.4%) |
| Renter Occupied HU | 124 ( 6.8%) |
| Vacant Housing Units | 88 ( 4.8%) |
| Median Home Value | $744,600 |
| Average Home Value | $786,647 |
Housing Distribution
Address Breakdown
Residential
1,730
Single Family
1,730
Multi-Family
0
Businesses
46
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Listed by: Amy Kunce-Martinez • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #6756363
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