2423 Paseo RdColorado SpringsCO80907
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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 2423 Paseo Rd, Colorado Springs, CO, 80907 listed at $217,500 pairs $1,750/mo rent with a $1,065/mo payment to leave $7/mo cash flow. Total monthly income runs $1,750/mo, and annual cash flow reaches $84/yr on $72,101 cash to close. Return on cash invested measures 20.03% in year one, and rental yield registers 9.66% at a $217,500 basis. Equity gained on principal adds $1,403/yr, and annual property appreciation at 5% supports $60,091 by year five. Five-year ROI tracks 105.84% and total cumulative return in cash totals $76,314. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,750/mo property income relative to a $1,065/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1951
753.59 sqft lot
$N/A/sqft
$475 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80907, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,636 (100%) |
| Owner Occupied HU | 7,351 (50.2%) |
| Renter Occupied HU | 6,489 (44.3%) |
| Vacant Housing Units | 796 ( 5.4%) |
| Median Home Value | $479,361 |
| Average Home Value | $580,629 |
Housing Distribution
Address Breakdown
Residential
13,459
Single Family
11,403
Multi-Family
2,056
Businesses
1,790
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Listed by: Andrew Hicks • West Rock Realty, LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #6905862
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