2953 Mesa Rd APT BColorado 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
Rental property for sale in Colorado Springs at 2953 Mesa Rd APT B, Colorado Springs, CO, 80904 priced at $242,000 converts $1,205/mo rent into after a $1,184/mo obligation. Total monthly income equals $1,205/mo. Return on cash invested prints 7.87% in year one, and rental yield reads 5.98% against a $242,000 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation compiles into $66,860 by year five. Five-year ROI reaches 41.11% and total cumulative return in cash sums $32,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,205/mo property income covering a $1,184/mo payment, not borrower’s personal income.
Condo
Built in 1970
871.20 sqft 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: Jimmy Owens CMRS CRS GRI • The Cutting Edge
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #4272355
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