1602 Columbine PlColorado SpringsCO80907
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1602 Columbine Pl, Colorado Springs, CO, 80907 in Colorado Springs: $3,042/mo in rent, $987/mo net, 10.35% gross yield, all on a $352,600 acquisition. The 1.92 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $97,417 in value, and $3,247/yr in principal paydown steadily builds equity. Projected total cumulative return: $196,641.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $987 | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,042 |
| Total Monthly Debt Service | $1,915 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80907, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,636 (100%) |
| Owner Occupied HU | 7,351 (50.2%) |
| Renter Occupied HU | 6,489 (44.3%) |
| Vacant Housing Units | 796 ( 5.4%) |
| Median Home Value | $479,361 |
| Average Home Value | $580,629 |
Housing Distribution
Address Breakdown
Residential
13,459
Single Family
11,403
Multi-Family
2,056
Businesses
1,790
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80907, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,636 (100%) |
| Owner Occupied HU | 7,351 (50.2%) |
| Renter Occupied HU | 6,489 (44.3%) |
| Vacant Housing Units | 796 ( 5.4%) |
| Median Home Value | $479,361 |
| Average Home Value | $580,629 |
Housing Distribution
Address Breakdown
Residential
13,459
Single Family
11,403
Multi-Family
2,056
Businesses
1,790
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Egan • Keller Williams Clients Choice Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9701584
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