3620 N Carefree CirColorado SpringsCO80917
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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
Investment property for sale in Colorado Springs at 3620 N Carefree Cir, Colorado Springs, CO, 80917 uses $125,639 cash to close to unlock $5,895/yr annual cash flow and $491/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,855/mo payment keeps the spread at $491/mo. Purchase price stands at $379,000, and rental yield measures 8.55% with $2,700/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 127.56% and total cumulative return in cash records $160,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 80917, Colorado Springs, CO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,977 (100%) |
| Owner Occupied HU | 7,367 (52.7%) |
| Renter Occupied HU | 5,971 (42.7%) |
| Vacant Housing Units | 639 ( 4.6%) |
| Median Home Value | $435,250 |
| Average Home Value | $485,594 |
Housing Distribution
Address Breakdown
Residential
13,327
Single Family
11,286
Multi-Family
2,041
Businesses
554
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Listed by: Faith Longtin MRP • Exp Realty LLC
Mls Name: Pikes Peak MLS
Mls ID: #2695960