34 Fountain PlManitou SpringsCO80829
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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 Manitou Springs at 34 Fountain Pl, Manitou Springs, CO, 80829 priced at $435,000 converts $2,107/mo rent into after a $2,129/mo obligation. Total monthly income equals $2,107/mo. Return on cash invested prints 16.35% in year one, and rental yield reads 5.81% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 83.26% and total cumulative return in cash sums $120,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,107/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1905
3,201 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
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Listed by: Mike Casey ABR CNE GRI • Homes of Manitou Springs
Mls Name: Pikes Peak MLS
Mls Provider:
Mls ID: #6251772
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