2 Grand Ave #103Manitou SpringsCO80829
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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 Manitou Springs at 2 Grand Ave #103, Manitou Springs, CO, 80829 listed at $787,050 pairs $2,640/mo rent with a $3,852/mo payment. Total monthly income runs $2,640/mo. Return on cash invested measures 9.19% in year one, and rental yield registers 4.03% at a $787,050 basis. Equity gained on principal adds $5,079/yr, and annual property appreciation at 5% supports $217,447 by year five. Five-year ROI tracks 45.5% and total cumulative return in cash totals $117,814. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $3,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1888
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80829, Manitou Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,872 (100%) |
| Owner Occupied HU | 1,536 (53.5%) |
| Renter Occupied HU | 1,082 (37.7%) |
| Vacant Housing Units | 254 ( 8.8%) |
| Median Home Value | $643,814 |
| Average Home Value | $697,594 |
Housing Distribution
Address Breakdown
Residential
2,833
Single Family
2,532
Multi-Family
301
Businesses
277
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Listed by: Carrie Hill • Rocky Mountain Real Estate Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1822894
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