2392 Stepping Stones WayColorado SpringsCO80904
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2392 Stepping Stones Way, Colorado Springs, CO, 80904 generates $1,708/mo in rent and, after a $1,150/mo payment, leaves $19/mo in cash flow. Total monthly income is $1,708/mo, and annual cash flow is $224/yr on $77,903 invested. Return on cash invested sits at 20.2% in year one, and rental yield is 8.72% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 105.72% and total cumulative return in cash sums $82,360. 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
435.60 sqft lot
$N/A/sqft
$320 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Geraldine Gerdes ABR CRS • Equity Colorado Real Estate
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #4561323
Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.