2242 Stepping Stones WayColorado SpringsCO80904
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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 2242 Stepping Stones Way, Colorado Springs, CO, 80904 generates $1,708/mo in rent and, after a $1,189/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,708/mo, and annual cash flow is $3,506/yr on $80,555 invested. Return on cash invested sits at 24.26% in year one, and rental yield is 8.43% on a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 125.77% and total cumulative return in cash sums $101,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,708/mo property income rather than buyer’s personal income.
Condo
Built in 1983
0.01 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80904, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,295 (100%) |
| Owner Occupied HU | 5,756 (51.0%) |
| Renter Occupied HU | 4,554 (40.3%) |
| Vacant Housing Units | 985 ( 8.7%) |
| Median Home Value | $570,715 |
| Average Home Value | $629,491 |
Housing Distribution
Address Breakdown
Residential
10,765
Single Family
9,323
Multi-Family
1,442
Businesses
839
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Listed by: Michael Orist • United Country Timberline Realty
Mls Name: REcolorado
Mls ID: #4397528