320 May DrCOLORADO 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 320 May Dr, COLORADO SPRINGS, CO, 80905 priced at $330,000 converts $1,815/mo rent into after a $1,615/mo obligation. Total monthly income equals $1,815/mo. Return on cash invested prints 18.72% in year one, and rental yield reads 6.6% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 96% and total cumulative return in cash sums $105,023. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,815/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Multi Family
Built in 1954
6,089 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: Christopher Morrison • Action Team Realty
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #7854990
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