23684 Redtail DrColorado SpringsCO80928
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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 23684 Redtail Dr, Colorado Springs, CO, 80928 generates $2,340/mo in rent and, after a $1,685/mo payment, leaves $334/mo in cash flow. Total monthly income is $2,340/mo, and annual cash flow is $4,004/yr on $114,135 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 8.16% on a $344,300 entry. Equity gained on principal adds $2,222/yr, while 5% annual appreciation builds toward $95,124 over five years. Five-year ROI reaches 121.18% and total cumulative return in cash sums $138,312. 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 2024
7,840 sqft 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
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Listed by: Monica Breckenridge ABR CDPE CLHMS GRI MRP PSA RSPS SFR SRES • Pink Realty Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #3097276
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