2860 Richmond DrColorado SpringsCO80922
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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 2860 Richmond Dr, Colorado Springs, CO, 80922 offers $2,854/mo rent that, after a $2,178/mo payment, leaves $261/mo cash flow. Total monthly income is $2,854/mo, and annual cash flow is $3,128/yr on $147,518 cash. Return on cash invested measures 22.03% in year one, and rental yield stands at 7.7% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 113.74% and total cumulative return in cash reaches $167,780. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,854/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80922, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,243 (100%) |
| Owner Occupied HU | 8,431 (68.9%) |
| Renter Occupied HU | 3,022 (24.7%) |
| Vacant Housing Units | 790 ( 6.5%) |
| Median Home Value | $457,514 |
| Average Home Value | $495,259 |
Housing Distribution
Address Breakdown
Residential
12,520
Single Family
11,271
Multi-Family
1,249
Businesses
284
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Listed by: Pete Hitchcock • Pro Flat Fee Realty LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9922184
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