2624 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 2624 Bannister Ct, Colorado Springs, CO, 80920 offers $2,106/mo rent that, after a $1,372/mo payment, leaves $291/mo cash flow. Total monthly income is $2,106/mo, and annual cash flow is $3,495/yr on $92,953 cash. Return on cash invested measures 23.67% in year one, and rental yield stands at 9.01% at a $280,400 entry. Equity gained on principal adds $1,809/yr while 5% annual appreciation compounds into $77,469 by year five. Five-year ROI records 123.42% and total cumulative return in cash reaches $114,722. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,106/mo property income versus a $1,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
801 sqft lot
$N/A/sqft
$181 monthly 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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