2840 S Circle Dr LOT 203Colorado SpringsCO80906
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
Investment Highlights
Rental property for sale in Colorado Springs at 2840 S Circle Dr LOT 203, Colorado Springs, CO, 80906 generates $895/mo in rent and, after a $563/mo payment, leaves $225/mo in cash flow. Total monthly income is $895/mo, and annual cash flow is $2,696/yr on $38,123 invested. Return on cash invested sits at 26.98% in year one, and rental yield is 9.34% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 140.32% and total cumulative return in cash sums $53,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $895/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80906, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,829 (100%) |
| Owner Occupied HU | 9,253 (55.0%) |
| Renter Occupied HU | 6,380 (37.9%) |
| Vacant Housing Units | 1,196 ( 7.1%) |
| Median Home Value | $632,553 |
| Average Home Value | $699,557 |
Housing Distribution
Address Breakdown
Residential
16,320
Single Family
13,580
Multi-Family
2,740
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Haley Levick • Venterra Real Estate LLC
Mls Name: PAR
Mls Provider:
Mls ID: #229408
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.