2840 S Circle Drive LOT 628Colorado SpringsCO80906
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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 2840 S Circle Drive LOT 628, Colorado Springs, CO, 80906 uses $49,725 cash to close to unlock $3,888/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $734/mo payment keeps the spread at $324/mo. Purchase price stands at $150,000, and rental yield measures 9.58% with $1,198/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 144.28% and total cumulative return in cash records $71,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
744 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
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Listed by: Tacarra Cooper • Purple Sky Realty LLC
Mls Name: REcolorado
Mls ID: #9150003