220 Leta DrColorado SpringsCO80911
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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
Rental property for sale in Colorado Springs at 220 Leta Dr, Colorado Springs, CO, 80911 offers $1,909/mo rent that, after a $1,791/mo payment. Total monthly income is $1,909/mo. Return on cash invested measures 17.7% in year one, and rental yield stands at 6.26% at a $365,900 entry. Equity gained on principal adds $2,361/yr while 5% annual appreciation compounds into $101,091 by year five. Five-year ROI records 90.53% and total cumulative return in cash reaches $109,814. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,909/mo property income versus a $1,791/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,318 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80911, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,283 (100%) |
| Owner Occupied HU | 9,460 (77.0%) |
| Renter Occupied HU | 2,291 (18.7%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $433,182 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
12,102
Single Family
11,873
Multi-Family
229
Businesses
219
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Listed by: Doug Marsh • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #3713030
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