2902 Airport Rd APT 203Colorado SpringsCO80910
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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 2902 Airport Rd APT 203, Colorado Springs, CO, 80910 offers a 9.46% rental yield on a $187,000 purchase with $1,474/mo rent. Total monthly income registers $1,474/mo, and a $915/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $558/yr on $61,991 to close, and return on cash invested stands at 20.81% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Portfolio math shows five-year ROI at 109.59% and total cumulative return in cash at $67,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,474/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
584 sqft lot
$N/A/sqft
$338 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80910, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,937 (100%) |
| Owner Occupied HU | 5,679 (40.7%) |
| Renter Occupied HU | 7,488 (53.7%) |
| Vacant Housing Units | 770 ( 5.5%) |
| Median Home Value | $353,343 |
| Average Home Value | $395,016 |
Housing Distribution
Address Breakdown
Residential
13,427
Single Family
10,496
Multi-Family
2,931
Businesses
634
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Listed by: Patricia Niemann ABR AHWD CNE GRI • Pink Realty Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2778097
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