312 N Spruce StColorado SpringsCO80905
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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 312 N Spruce St, Colorado Springs, CO, 80905 priced at $359,977 pairs $2,171/mo rent with $73/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,171/mo, and annual cash flow comes to $876/yr on $119,332 invested. Return on cash invested is 20.64% in year one, and rental yield stands at 7.24% on a $359,977 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,455 by year five. Five-year ROI measures 106.34% and total cumulative return in cash reaches $126,902. For financing, Ziffy Mortgage’s DSCR program evaluates $2,171/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1888
3,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80905, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,182 (100%) |
| Owner Occupied HU | 4,060 (44.2%) |
| Renter Occupied HU | 4,483 (48.8%) |
| Vacant Housing Units | 639 ( 7.0%) |
| Median Home Value | $466,107 |
| Average Home Value | $497,446 |
Housing Distribution
Address Breakdown
Residential
8,501
Single Family
6,308
Multi-Family
2,193
Businesses
647
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Listed by: Greg Zindorf • Greg W Zindorf
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #1849120
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