1609 Kingsley DrColorado 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 1609 Kingsley Dr, Colorado Springs, CO, 80909 listed at $397,900 pairs $2,520/mo rent with a $1,948/mo payment to leave $201/mo cash flow. Total monthly income runs $2,520/mo, and annual cash flow reaches $2,408/yr on $131,904 cash to close. Return on cash invested measures 21.73% in year one, and rental yield registers 7.6% at a $397,900 basis. Equity gained on principal adds $2,568/yr, and annual property appreciation at 5% supports $109,932 by year five. Five-year ROI tracks 112.16% and total cumulative return in cash totals $147,940. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $1,948/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
6,534 sqft 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: Shereen Bishop • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls ID: #4249547