2511 Wheeler AveColorado SpringsCO80904
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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 2511 Wheeler Ave, Colorado Springs, CO, 80904 earns $579/mo cash flow from $1,920/mo rent with a $1,126/mo payment. Total monthly income totals $1,920/mo, and annual cash flow totals $6,952/yr on $76,245 capital. ROI tracks 29.03% on current figures, and rental yield reads 10.02% at a $229,999 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,544 over five years. Five-year ROI reaches 151.31% and total cumulative return in cash sums $115,362. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,920/mo property income instead of your personal income.
Single Family
Built in 1926
9,016 sqft lot
$N/A/sqft
No 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
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Listed by: Joseph Mattox • Berkshire Hathaway HomeServices Real Estate of the Rockies
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7038447
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