3020 E Bijou St APT 5AColorado 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 5A, Colorado Springs, CO, 80909 offers a 10.68% rental yield on a $159,000 purchase with $1,415/mo rent. Total monthly income registers $1,415/mo, and a $778/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,543/yr on $52,709 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 121.1% and total cumulative return in cash at $63,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,415/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
435.60 sqft lot
$N/A/sqft
$360 monthly 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: Paige Davis • Vollmer Real Estate Group Inc
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #6362365
Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR Services Corp.