232 S Hancock AveColorado SpringsCO80903
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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 232 S Hancock Ave, Colorado Springs, CO, 80903 priced at $535,000 pairs $1,739/mo rent with after a $2,619/mo payment. Total monthly income equals $1,739/mo. Return on cash invested is 10.66% in year one, and rental yield stands at 3.9% on a $535,000 basis. Equity gained on principal adds $3,452/yr, and 5% annual appreciation accumulates to $147,811 by year five. Five-year ROI measures 52.72% and total cumulative return in cash reaches $92,800. For financing, Ziffy Mortgage’s DSCR program evaluates $1,739/mo property income against a $2,619/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1963
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80903, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,675 (100%) |
| Owner Occupied HU | 2,645 (27.3%) |
| Renter Occupied HU | 5,187 (53.6%) |
| Vacant Housing Units | 1,843 (19.0%) |
| Median Home Value | $512,438 |
| Average Home Value | $566,039 |
Housing Distribution
Address Breakdown
Residential
7,527
Single Family
5,875
Multi-Family
1,652
Businesses
1,867
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Listed by: David Carter ABR GRI MRP SRS • Call It Closed International Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1186186
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