1948 Carmel DrColorado SpringsCO80910
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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 1948 Carmel Dr, Colorado Springs, CO, 80910 at $270,000 posts ROI 22.19% with $170/mo cash flow from $1,744/mo rent. Total monthly income equals $1,744/mo, and annual cash flow records $2,040/yr on $89,505 to close. Return on cash invested measures 22.19% and rental yield reads 7.75% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 114.58% and total cumulative return in cash totals $102,553.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,744/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
3,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
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Listed by: Brian Coram • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #5458224
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