2023 S Corona AveColorado 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 2023 S Corona Ave, Colorado Springs, CO, 80905 listed at $306,970 pairs $2,677/mo rent with a $1,502/mo payment to leave $889/mo cash flow. Total monthly income runs $2,677/mo, and annual cash flow reaches $10,662/yr on $101,761 cash to close. Return on cash invested measures 30.39% in year one, and rental yield registers 10.46% at a $306,970 basis. Equity gained on principal adds $1,981/yr, and annual property appreciation at 5% supports $84,810 by year five. Five-year ROI tracks 158.58% and total cumulative return in cash totals $161,368. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,677/mo property income relative to a $1,502/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
5,998 sqft lot
$N/A/sqft
No 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: Ricky Allen ABR CDPE CRS GREEN GRI • REMAX PROPERTIES
Mls Name: Pikes Peak MLS
Mls ID: #4427527