2902 Airport Rd APT 215Colorado 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 215, Colorado Springs, CO, 80910 offers a 11.56% rental yield on a $169,900 purchase with $1,637/mo rent. Total monthly income registers $1,637/mo, and a $832/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,085/yr on $56,322 to close, and return on cash invested stands at 27.16% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 143.67% and total cumulative return in cash at $80,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
444.31 sqft lot
$N/A/sqft
$306 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: Toby Lorenc GRI LHP • Berkshire Hathaway HomeServices Rocky Mountain
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #9267869
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