1611 E Platte 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 1611 E Platte Ave, Colorado Springs, CO, 80909 uses $99,947 cash to close to unlock $11,323/yr annual cash flow and $944/mo monthly cash flow. Total monthly income runs $2,701/mo, and a $1,476/mo payment keeps the spread at $944/mo. Purchase price stands at $301,500, and rental yield measures 10.75% with $2,701/mo rent. Return on cash invested shows 31.24% in year one, and 5% annual appreciation builds toward $83,299 over five years. Five-year ROI reaches 163.13% and total cumulative return in cash records $163,047. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,701/mo property income covering a $1,476/mo payment rather than investor’s personal income.
Single Family
Built in 1928
5,488 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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