322 Santa Fe Pl UNIT BManitou SpringsCO80829
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manitou Springs at 322 Santa Fe Pl UNIT B, Manitou Springs, CO, 80829 at $360,000 posts ROI 25.36% with $542/mo cash flow from $2,640/mo rent. Total monthly income equals $2,640/mo, and annual cash flow records $6,504/yr on $119,340 to close. Return on cash invested measures 25.36% and rental yield reads 8.8% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 131.57% and total cumulative return in cash totals $157,017.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,640/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2001
614.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80829, Manitou Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,872 (100%) |
| Owner Occupied HU | 1,536 (53.5%) |
| Renter Occupied HU | 1,082 (37.7%) |
| Vacant Housing Units | 254 ( 8.8%) |
| Median Home Value | $643,814 |
| Average Home Value | $697,594 |
Housing Distribution
Address Breakdown
Residential
2,833
Single Family
2,532
Multi-Family
301
Businesses
277
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Casey ABR CNE GRI • Homes of Manitou Springs
Mls Name: Pikes Peak MLS
Mls ID: #7409571