1806 Myakka WayColorado SpringsCO80915
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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 1806 Myakka Way, Colorado Springs, CO, 80915 uses $73,593 cash to close to unlock $5,122/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,721/mo, and a $1,087/mo payment keeps the spread at $427/mo. Purchase price stands at $222,000, and rental yield measures 9.3% with $1,721/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 139.7% and total cumulative return in cash records $102,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,721/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
1,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80915, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,702 (100%) |
| Owner Occupied HU | 5,806 (59.8%) |
| Renter Occupied HU | 3,280 (33.8%) |
| Vacant Housing Units | 616 ( 6.3%) |
| Median Home Value | $423,486 |
| Average Home Value | $490,589 |
Housing Distribution
Address Breakdown
Residential
9,699
Single Family
8,166
Multi-Family
1,533
Businesses
967
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Listed by: Brett Weldon CMLXV MRP • The Springs Team Real Estate Company
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #5123972
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