3119 Virginia AveColorado 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 3119 Virginia Ave, Colorado Springs, CO, 80907 listed at $365,650 pairs $1,997/mo rent with a $1,790/mo payment. Total monthly income runs $1,997/mo. Return on cash invested measures 17.14% in year one, and rental yield registers 6.55% at a $365,650 basis. Equity gained on principal adds $2,359/yr, and annual property appreciation at 5% supports $101,022 by year five. Five-year ROI tracks 88.07% and total cumulative return in cash totals $106,747. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,997/mo property income relative to a $1,790/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1966
4,800 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: Michael Hills • Atlas Real Estate Group LLC
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #8213680
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.