3027-3029 N Institute StColorado SpringsCO80907
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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 3027-3029 N Institute St, Colorado Springs, CO, 80907 uses $124,313 cash to close to unlock $756/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $2,248/mo, and a $1,835/mo payment keeps the spread at $63/mo. Purchase price stands at $375,000, and rental yield measures 7.19% with $2,248/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 105.62% and total cumulative return in cash records $131,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,248/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Multi Family
Built in 1954
6,359 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80907, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,636 (100%) |
| Owner Occupied HU | 7,351 (50.2%) |
| Renter Occupied HU | 6,489 (44.3%) |
| Vacant Housing Units | 796 ( 5.4%) |
| Median Home Value | $479,361 |
| Average Home Value | $580,629 |
Housing Distribution
Address Breakdown
Residential
13,459
Single Family
11,403
Multi-Family
2,056
Businesses
1,790
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Listed by: Darcy King • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls ID: #1195603