3005 E Fountain BlvdColorado 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 3005 E Fountain Blvd, Colorado Springs, CO, 80910 uses $52,709 cash to close to unlock $3,859/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $1,248/mo, and a $778/mo payment keeps the spread at $322/mo. Purchase price stands at $159,000, and rental yield measures 9.42% with $1,248/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 141.68% and total cumulative return in cash records $74,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,248/mo property income covering a $778/mo payment rather than investor’s personal income.
Condo
Built in 1966
871.20 sqft lot
$N/A/sqft
No 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: Karen Benenati • Equity Colorado Real Estate
Mls Name: Pikes Peak MLS
Mls ID: #9498310