2224 Reed Grass WayColorado SpringsCO80915
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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 2224 Reed Grass Way, Colorado Springs, CO, 80915 earns from $2,698/mo rent with a $2,348/mo payment. Total monthly income totals $2,698/mo. ROI tracks 19.17% on current figures, and rental yield reads 6.75% at a $479,800 purchase. Equity gained on principal adds $3,096/yr, and 5% annual appreciation supports $132,560 over five years. Five-year ROI reaches 98.42% and total cumulative return in cash sums $156,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,698/mo property income instead of your personal income.
Single Family
Built in 2012
5,057 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80915, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,702 (100%) |
| Owner Occupied HU | 5,806 (59.8%) |
| Renter Occupied HU | 3,280 (33.8%) |
| Vacant Housing Units | 616 ( 6.3%) |
| Median Home Value | $423,486 |
| Average Home Value | $490,589 |
Housing Distribution
Address Breakdown
Residential
9,699
Single Family
8,166
Multi-Family
1,533
Businesses
967
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Listed by: Iain Morrison • McGraw Pikes Peak Group
Mls Name: Pikes Peak MLS
Mls ID: #5471452