2430 Palmer Park Blvd #303Colorado SpringsCO80909
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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 2430 Palmer Park Blvd #303, Colorado Springs, CO, 80909 earns $183/mo cash flow from $1,115/mo rent with a $783/mo payment. Total monthly income totals $1,115/mo, and annual cash flow totals $2,192/yr on $53,040 capital. ROI tracks 24.04% on current figures, and rental yield reads 8.36% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 124.53% and total cumulative return in cash sums $66,050. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,115/mo property income instead of your personal income.
Condo
Built in 1982
235.22 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80909, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,664 (100%) |
| Owner Occupied HU | 7,798 (46.8%) |
| Renter Occupied HU | 7,953 (47.7%) |
| Vacant Housing Units | 913 ( 5.5%) |
| Median Home Value | $420,379 |
| Average Home Value | $475,993 |
Housing Distribution
Address Breakdown
Residential
16,185
Single Family
13,788
Multi-Family
2,397
Businesses
1,840
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Listed by: Ryan Crittenden ABR GRI MRP PSA SRS • Jason Mitchell Real Estate Colorado, LLC DBA JMG
Mls Name: Pikes Peak MLS
Mls ID: #6161856