23765 Wheat 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
Investment property for sale in Colorado Springs at 23765 Wheat Dr, Colorado Springs, CO, 80928 uses $104,423 cash to close to unlock $216/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $1,854/mo, and a $1,542/mo payment keeps the spread at $18/mo. Purchase price stands at $315,000, and rental yield measures 7.06% with $1,854/mo rent. Return on cash invested shows 20.12% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 103.48% and total cumulative return in cash records $108,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,854/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Manufactured
Built in 2015
0.27 Acres 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: Marlene Berrier • RE/MAX of Pueblo Inc
Mls Name: Pikes Peak MLS
Mls ID: #2674735