2622 Bannister CtColorado SpringsCO80920
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2622 Bannister Ct, Colorado Springs, CO, 80920 in Colorado Springs speaks for itself: 11.22% gross on a $279,900 price, generating $2,616/mo in rent and $715/mo in net income after the $1,259/mo debt service. DSCR 2.08, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,577 stacks alongside $77,331 in projected five-year appreciation and $2,578/yr in principal reduction. Projected total cumulative return: $169,048.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $715 | $285 |
City averages based on Colorado Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,616 |
| Total Monthly Debt Service | $1,520 |
| DSCR Ratio | 1.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Pikes Peak MLS
Mls ID: #5039885