2622 Bannister CtColorado SpringsCO80920
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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
Rental property for sale in Colorado Springs at 2622 Bannister Ct, Colorado Springs, CO, 80920 generates $2,616/mo in rent and, after a $1,394/mo payment, leaves $956/mo in cash flow. Total monthly income is $2,616/mo, and annual cash flow is $11,473/yr on $94,444 invested. Return on cash invested sits at 32.06% in year one, and rental yield is 11.02% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 167.55% and total cumulative return in cash sums $158,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,616/mo property income rather than buyer’s personal income.
Townhouse
Built in 1984
801.50 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80920, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,640 (100%) |
| Owner Occupied HU | 9,892 (63.2%) |
| Renter Occupied HU | 5,196 (33.2%) |
| Vacant Housing Units | 552 ( 3.5%) |
| Median Home Value | $533,256 |
| Average Home Value | $576,502 |
Housing Distribution
Address Breakdown
Residential
15,525
Single Family
13,075
Multi-Family
2,450
Businesses
1,302
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Listed by: Michael Moffat • Keller Williams Clients Choice Realty
Mls Name: Pikes Peak MLS
Mls ID: #5039885