3020 E Bijou St APT 1BColorado SpringsCO80909
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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 3020 E Bijou St APT 1B, Colorado Springs, CO, 80909 uses $51,714 cash to close to unlock $6,065/yr annual cash flow and $505/mo monthly cash flow. Total monthly income runs $1,415/mo, and a $764/mo payment keeps the spread at $505/mo. Purchase price stands at $156,000, and rental yield measures 10.88% with $1,415/mo rent. Return on cash invested shows 31.64% in year one, and 5% annual appreciation builds toward $43,100 over five years. Five-year ROI reaches 165.34% and total cumulative return in cash records $85,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,415/mo property income covering a $764/mo payment rather than investor’s personal income.
Condo
Built in 1964
274.43 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80909, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,664 (100%) |
| Owner Occupied HU | 7,798 (46.8%) |
| Renter Occupied HU | 7,953 (47.7%) |
| Vacant Housing Units | 913 ( 5.5%) |
| Median Home Value | $420,379 |
| Average Home Value | $475,993 |
Housing Distribution
Address Breakdown
Residential
16,185
Single Family
13,788
Multi-Family
2,397
Businesses
1,840
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Listed by: Yanshuang Tan • HomeSmart
Mls Name: Pikes Peak MLS
Mls ID: #2269682