2937 Mesa Rd APT AColorado SpringsCO80904
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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
Total monthly income runs $1,708/mo, and a $1,512/mo payment. Purchase price stands at $309,000, and rental yield measures 6.63% with $1,708/mo rent. Return on cash invested shows 11.8% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 61.44% and total cumulative return in cash records $62,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,708/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$600 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80904, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,295 (100%) |
| Owner Occupied HU | 5,756 (51.0%) |
| Renter Occupied HU | 4,554 (40.3%) |
| Vacant Housing Units | 985 ( 8.7%) |
| Median Home Value | $570,715 |
| Average Home Value | $629,491 |
Housing Distribution
Address Breakdown
Residential
10,765
Single Family
9,323
Multi-Family
1,442
Businesses
839
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Listed by: Chris Watson • RE/MAX Real Estate Group LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #8064114
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