324 Morningside DrColorado SpringsCO80911
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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 324 Morningside Dr, Colorado Springs, CO, 80911 generates $2,250/mo in rent and, after a $1,779/mo payment, leaves $132/mo in cash flow. Total monthly income is $2,250/mo, and annual cash flow is $1,582/yr on $120,467 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.43% on a $363,400 entry. Equity gained on principal adds $2,345/yr, while 5% annual appreciation builds toward $100,401 over five years. Five-year ROI reaches 109.41% and total cumulative return in cash sums $131,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,250/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
8,842 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80911, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,283 (100%) |
| Owner Occupied HU | 9,460 (77.0%) |
| Renter Occupied HU | 2,291 (18.7%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $433,182 |
| Average Home Value | $486,684 |
Housing Distribution
Address Breakdown
Residential
12,102
Single Family
11,873
Multi-Family
229
Businesses
219
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