187 Merrimac StColorado SpringsCO80905
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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 187 Merrimac St, Colorado Springs, CO, 80905 at $410,000 posts ROI 15.29% with from $2,191/mo rent. Total monthly income equals $2,191/mo. Return on cash invested measures 15.29% and rental yield reads 6.41% at the current $410,000. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,275 by year five. Five-year ROI prints 78.63% and total cumulative return in cash totals $106,871. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,191/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2012
1,831 sqft lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80905, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,182 (100%) |
| Owner Occupied HU | 4,060 (44.2%) |
| Renter Occupied HU | 4,483 (48.8%) |
| Vacant Housing Units | 639 ( 7.0%) |
| Median Home Value | $466,107 |
| Average Home Value | $497,446 |
Housing Distribution
Address Breakdown
Residential
8,501
Single Family
6,308
Multi-Family
2,193
Businesses
647
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Listed by: Robert Malone CRS GRI • RE/MAX Properties Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2759731
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