308 Locust DrColorado 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
Rental property for sale in Colorado Springs at 308 Locust Dr, Colorado Springs, CO, 80907 priced at $329,000 converts $2,400/mo rent into $483/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $5,795/yr on $109,064 invested. Return on cash invested prints 25.22% in year one, and rental yield reads 8.75% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 130.85% and total cumulative return in cash sums $142,713. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,998 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: Brett Behnke • CSI Real Estate LLC
Mls Name: Pikes Peak MLS
Mls ID: #8522034