20480 Drennan RdColorado SpringsCO80928
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Colorado Springs at 20480 Drennan Rd, Colorado Springs, CO, 80928 generates $2,340/mo in rent, after a $2,570/mo payment. Total monthly income is $2,340/mo. Return on cash invested sits at 15.06% in year one, and rental yield is 5.35% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 76.31% and total cumulative return in cash sums $131,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,340/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
38.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80928, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 448 (100%) |
| Owner Occupied HU | 315 (70.3%) |
| Renter Occupied HU | 102 (22.8%) |
| Vacant Housing Units | 31 ( 6.9%) |
| Median Home Value | $375,000 |
| Average Home Value | $390,206 |
Housing Distribution
Address Breakdown
Residential
456
Single Family
456
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Coram • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls ID: #5490291