2970 Banjo DrColorado SpringsCO80918
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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 2970 Banjo Dr, Colorado Springs, CO, 80918 earns $1,282/mo cash flow from $3,750/mo rent with a $2,073/mo payment. Total monthly income totals $3,750/mo, and annual cash flow totals $15,381/yr on $140,390 capital. ROI tracks 30.86% on current figures, and rental yield reads 10.63% at a $423,500 purchase. Equity gained on principal adds $2,733/yr, and 5% annual appreciation supports $117,005 over five years. Five-year ROI reaches 161.12% and total cumulative return in cash sums $226,190. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,750/mo property income instead of your personal income.
Single Family
Built in 1981
6,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80918, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,773 (100%) |
| Owner Occupied HU | 11,383 (57.6%) |
| Renter Occupied HU | 7,597 (38.4%) |
| Vacant Housing Units | 793 ( 4.0%) |
| Median Home Value | $481,275 |
| Average Home Value | $562,245 |
Housing Distribution
Address Breakdown
Residential
19,829
Single Family
15,917
Multi-Family
3,912
Businesses
1,649
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Listed by: Greg Hanson • TRELORA Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #2496237
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